Adobe (NASDAQ:ADBE) Stock Keeps Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Adobe (NASDAQ:ADBE) in a research report report published on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has a $315.00 price target on the software company’s stock.

ADBE has been the topic of several other reports. Bank of America raised their price target on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Stifel Nicolaus lifted their price objective on Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Barclays upped their price objective on Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. BMO Capital Markets increased their target price on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. Finally, JPMorgan Chase & Co. reduced their target price on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $282.52.

Adobe Trading Up 0.4%

Shares of NASDAQ ADBE opened at $237.60 on Wednesday. The company’s 50 day simple moving average is $248.07 and its 200 day simple moving average is $248.70. Adobe has a fifty-two week low of $190.12 and a fifty-two week high of $362.71. The firm has a market capitalization of $92.47 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, analysts predict that Adobe will post 20.01 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the sale, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Adobe

Institutional investors and hedge funds have recently made changes to their positions in the company. Investment Research & Advisory Group Inc. increased its position in shares of Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Adobe during the 2nd quarter worth $95,000. Latitude Advisors LLC bought a new position in Adobe during the third quarter worth about $29,000. North Point Portfolio Managers Corp OH bought a new position in Adobe during the third quarter worth about $30,000. Finally, Bullock Wealth Management Group lifted its holdings in Adobe by 468.2% during the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

These are some of the ADBE headlines that stood out recently:

• Positive Sentiment: At Adobe MAX, the company announced AI assistants and agentic features across Creative Cloud and Firefly, including tools for image and video workflows. These features could strengthen Adobe’s products and help it capture demand for AI-enabled creative software, though commercial impact will depend on customer adoption. Article: Adobe adds AI assistants and generative tools across Creative Cloud
• Positive Sentiment: Adobe and Google expanded their partnership: Acrobat will be accessible through Google Workspace, while Google AI models will be incorporated into Adobe products. Wider distribution and integrated workflows could improve product reach and utility. Article: Adobe and Google deepen partnership
• Negative Sentiment: Adobe was included among stocks facing analyst price-target reductions. Coverage also notes the stock is down about 31% this year, amid broader technology-market weakness—evidence that sentiment and valuation concerns remain a drag despite the new AI announcements. Article: Adobe is down about 31% this year

About Adobe

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.