BTIG Research started coverage on shares of Adobe (NASDAQ:ADBE – Free Report) in a research note published on Monday morning, MarketBeat.com reports. The firm issued a neutral rating on the software company’s stock.
Other analysts have also issued research reports about the stock. Sanford C. Bernstein set a $447.00 target price on shares of Adobe and gave the stock an “outperform” rating in a research note on Friday, March 13th. William Blair lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Barclays lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $335.00 to $275.00 in a research note on Friday, March 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $430.00 target price on shares of Adobe in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $343.88.
Check Out Our Latest Stock Report on Adobe
Adobe Stock Performance
Adobe (NASDAQ:ADBE – Get Free Report) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $5.08 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, analysts expect that Adobe will post 16.65 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.
Hedge Funds Weigh In On Adobe
Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new position in Adobe during the third quarter valued at about $26,000. Western Pacific Wealth Management LP purchased a new stake in Adobe during the fourth quarter valued at about $26,000. Caitlin John LLC purchased a new stake in Adobe during the third quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new stake in Adobe during the fourth quarter valued at about $28,000. Finally, TrustBank purchased a new stake in Adobe during the fourth quarter valued at about $28,000. Institutional investors own 81.79% of the company’s stock.
Key Adobe News
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Sector-led rally lifts Adobe as investors rotate back into software — Adobe is participating in a broad rebound with peers (Salesforce, Snowflake) rallying, which is driving intraday buying interest in ADBE. Salesforce Jumps 5%, Adobe Climbs 6%, Snowflake Rockets 9 in a Broad Software Sector Rebound
- Positive Sentiment: Tesco partnership highlights commercial AI traction — Adobe signed a deal with Tesco to expand AI‑driven personalised marketing, reinforcing revenue opportunities from Adobe’s Experience Cloud and AI tools. Tesco partners with Adobe to ramp up AI‑driven personalised marketing
- Positive Sentiment: Fund/investor interest and bullish commentary support the long-term thesis — new institutional buying and bullish write-ups argue Adobe remains a long‑term growth compounder despite AI disruption concerns. Why Adobe Is A ‘Strong Buy’ Despite The AI Boogeyman
- Neutral Sentiment: BTIG initiates coverage with a Hold/neutral view — BTIG began coverage with cautious/neutral ratings on Adobe (and Figma), which could cap momentum until fundamentals or guidance shift. Adobe and Figma Stocks Are Up 5% Today, But BTIG Remains Cautious
- Negative Sentiment: Security risk — Adobe patched an actively exploited Acrobat/Reader zero‑day that had been abused for months; security issues can create short‑term liability or reputational risk. Adobe Patches Reader Zero-Day Exploited for Months
- Negative Sentiment: Share-price weakness and 52‑week low weigh on sentiment — Adobe recently hit a 52‑week low despite improving fundamentals, which keeps some investors cautious and may limit near‑term upside until clearer earnings/growth signals emerge. Adobe (ADBE) Hits a 52-Week Low as Fundamentals Improve. Is This a Buying Opportunity?
About Adobe
Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.
The company’s core offerings are organized around digital media and digital experience.
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