Evercore ISI Lowers Adobe (NASDAQ:ADBE) Price Target to $450.00

Adobe (NASDAQ:ADBE) had its price objective lowered by Evercore ISI from $475.00 to $450.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the software company’s stock. Evercore ISI’s price target points to a potential upside of 28.81% from the stock’s current price.

Several other equities analysts also recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Monday, June 23rd. Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a report on Monday, June 16th. Oppenheimer reduced their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday. Finally, Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adobe has a consensus rating of “Moderate Buy” and an average price target of $435.63.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $349.36 on Friday. The firm has a fifty day simple moving average of $357.32 and a two-hundred day simple moving average of $379.37. Adobe has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $148.20 billion, a P/E ratio of 21.77, a PEG ratio of 1.66 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 56.30% and a net margin of 30.01%.The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. Adobe’s quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, analysts expect that Adobe will post 16.65 earnings per share for the current fiscal year.

Institutional Trading of Adobe

Several large investors have recently bought and sold shares of ADBE. Copia Wealth Management purchased a new stake in shares of Adobe during the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new stake in Adobe during the 4th quarter valued at about $28,000. 1248 Management LLC acquired a new position in shares of Adobe in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe in the first quarter worth about $26,000. Finally, LSV Asset Management lifted its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.