UBS Group Lowers Adobe (NASDAQ:ADBE) Price Target to $375.00

Adobe (NASDAQ:ADBE) had its price objective lowered by stock analysts at UBS Group from $400.00 to $375.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the software company’s stock. UBS Group’s price target indicates a potential upside of 7.34% from the stock’s previous close.

ADBE has been the topic of several other reports. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Monday, June 23rd. Phillip Securities raised Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Oppenheimer lowered their target price on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price for the company. in a research report on Wednesday, July 2nd. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Moderate Buy” and a consensus target price of $435.63.

Adobe Stock Down 0.3%

Shares of Adobe stock opened at $349.36 on Friday. The firm has a market cap of $148.20 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.66 and a beta of 1.48. The stock has a 50-day simple moving average of $357.32 and a 200-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 debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities research analysts expect that Adobe will post 16.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adobe

Several institutional investors have recently added to or reduced their stakes in ADBE. Copia Wealth Management bought a new stake in Adobe during the 4th quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in shares of Adobe in the fourth quarter valued at $28,000. 1248 Management LLC bought a new stake in Adobe during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe in the 1st quarter valued at about $26,000. Finally, LSV Asset Management raised its stake in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

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.