Adobe Inc. (NASDAQ:ADBE) Receives Consensus Recommendation of “Hold” from Brokerages

Adobe Inc. (NASDAQ:ADBE) has earned a consensus recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $428.9630.

A number of research analysts recently issued reports on ADBE shares. Piper Sandler reduced their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. UBS Group cut their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Finally, 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 report on Friday, September 12th.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in Adobe by 9.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 750 shares of the software company’s stock worth $288,000 after acquiring an additional 66 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in Adobe by 241.5% in the first quarter. Baker Avenue Asset Management LP now owns 2,524 shares of the software company’s stock worth $968,000 after purchasing an additional 1,785 shares during the period. Signature Wealth Management Partners LLC increased its stake in shares of Adobe by 31.6% during the first quarter. Signature Wealth Management Partners LLC now owns 917 shares of the software company’s stock valued at $352,000 after purchasing an additional 220 shares in the last quarter. Finally, Mirabaud & Cie SA lifted its holdings in shares of Adobe by 33.0% during the first quarter. Mirabaud & Cie SA now owns 9,498 shares of the software company’s stock valued at $3,643,000 after purchasing an additional 2,357 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 0.9%

NASDAQ:ADBE opened at $320.25 on Friday. The company has a fifty day moving average of $339.41 and a 200 day moving average of $362.63. Adobe has a 52 week low of $311.58 and a 52 week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $134.05 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the firm earned $4.65 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, research analysts predict that Adobe will post 16.65 earnings per share for the current year.

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.