Adobe (NASDAQ:ADBE) Cut to Hold at Mizuho

Mizuho cut shares of Adobe (NASDAQ:ADBE) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Phillip Securities raised shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

Shares of ADBE opened at $360.37 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $150.85 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The firm’s fifty day simple moving average is $355.25 and its two-hundred day simple moving average is $374.08. Adobe has a 12 month low of $330.04 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, analysts predict that Adobe will post 16.65 EPS for the current year.

Institutional Investors Weigh In On Adobe

Large investors have recently modified their holdings of the stock. Siemens Fonds Invest GmbH grew its stake in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock valued at $25,000 after buying an additional 39,888 shares in the last quarter. 1248 Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $26,000. LSV Asset Management grew its stake in Adobe by 350.0% in the 2nd 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. Finally, Flaharty Asset Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $29,000. 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.