TD Cowen Issues Pessimistic Forecast for Adobe (NASDAQ:ADBE) Stock Price

Adobe (NASDAQ:ADBE) had its price target lowered by investment analysts at TD Cowen from $470.00 to $420.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the software company’s stock. TD Cowen’s price target would indicate a potential upside of 20.22% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday. Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a report on Wednesday, July 2nd. Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a report on Monday, August 11th. Finally, Piper Sandler lowered their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $435.63.

Adobe Price Performance

ADBE opened at $349.36 on Friday. The business’s 50-day moving average is $357.32 and its two-hundred day moving average is $379.37. Adobe has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $148.20 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) 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 previous year, the firm earned $4.65 earnings per share. The firm’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. Research analysts anticipate that Adobe will post 16.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Copia Wealth Management acquired a new position in Adobe in the fourth quarter valued at approximately $28,000. SWAN Capital LLC purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $28,000. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe in the first quarter valued at approximately $26,000. Finally, LSV Asset Management increased its position in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

About Adobe

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.