Adobe’s (ADBE) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of Adobe (NASDAQ:ADBE) in a research note released on Friday morning,Weiss Ratings reports.

Several other brokerages have also recently commented on ADBE. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. TD Cowen reduced their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. UBS Group dropped their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $433.41.

Adobe Stock Performance

Shares of Adobe stock opened at $353.52 on Friday. The stock has a market cap of $147.98 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.58 and a beta of 1.49. Adobe has a twelve month low of $327.50 and a twelve month high of $557.90. The company’s fifty day moving average is $351.71 and its 200 day moving average is $368.95. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $4.65 EPS. The business’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. Sell-side analysts forecast that Adobe will post 16.65 EPS for the current year.

Hedge Funds Weigh In On Adobe

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tema Etfs LLC acquired a new stake in shares of Adobe in the 3rd quarter valued at about $2,390,000. Evergreen Private Wealth LLC grew its stake in Adobe by 34.3% in the third quarter. Evergreen Private Wealth LLC now owns 18,806 shares of the software company’s stock valued at $6,634,000 after acquiring an additional 4,803 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Adobe by 0.7% during the third quarter. New York State Teachers Retirement System now owns 383,400 shares of the software company’s stock valued at $135,244,000 after acquiring an additional 2,813 shares in the last quarter. Solidarity Wealth LLC raised its position in shares of Adobe by 6.7% during the third quarter. Solidarity Wealth LLC now owns 18,252 shares of the software company’s stock worth $6,438,000 after purchasing an additional 1,143 shares during the period. Finally, Trilogy Capital Inc. raised its position in shares of Adobe by 13.0% during the third quarter. Trilogy Capital Inc. now owns 6,882 shares of the software company’s stock worth $2,428,000 after purchasing an additional 792 shares during the period. Institutional investors own 81.79% of the company’s stock.

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.