Adobe’s (ADBE) “Neutral” Rating Reaffirmed at BTIG Research

Adobe (NASDAQ:ADBE)‘s stock had its “neutral” rating restated by stock analysts at BTIG Research in a report issued on Friday, Benzinga reports.

A number of other research analysts also recently commented on ADBE. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday. Mizuho set a $260.00 target price on Adobe in a research note on Tuesday. The Goldman Sachs Group lowered their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. Piper Sandler dropped their price target on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $285.12.

Adobe Price Performance

Shares of ADBE opened at $248.83 on Friday. The firm has a market capitalization of $98.91 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.89 and a beta of 1.42. The firm’s fifty day simple moving average is $252.89 and its 200-day simple moving average is $245.59. Adobe has a twelve month low of $190.12 and a twelve month high of $370.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Equities analysts forecast that Adobe will post 19.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David A. Ricks bought 10,000 shares of the stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SWAN Capital LLC grew its stake in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares during the period. Logan Capital Management Inc. raised its stake in Adobe by 0.3% during the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after buying an additional 32 shares during the period. Vista Capital Partners Inc. raised its stake in Adobe by 5.8% during the 2nd quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after buying an additional 34 shares during the period. Murphy & Mullick Capital Management Corp boosted its holdings in Adobe by 5.1% in the fourth quarter. Murphy & Mullick Capital Management Corp now owns 827 shares of the software company’s stock worth $289,000 after acquiring an additional 40 shares in the last quarter. Finally, Front Street Capital Management Inc. boosted its holdings in Adobe by 8.2% in the second quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock worth $209,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. The company also cited strong demand for AI-integrated products, AI-first annual recurring revenue growth of more than 150%, over 1 billion monthly active users, and approximately 9.5 million share repurchases. Adobe Reports Record Q3 Results
• Positive Sentiment: Adobe raised its fiscal 2026 outlook, calling for adjusted EPS of $24.45 to $24.50 and revenue of roughly $26.6 billion, above prior expectations. Management said its AI strategy is gaining traction across creative, productivity, and customer-experience products. Adobe posts record quarter, lifts guidance as AI push pays off
• Neutral Sentiment: Analysts largely maintained cautious ratings after the report. Piper Sandler kept a Hold rating while raising its price target to $250, and William Blair also maintained Hold, citing the Q3 beat but slower forward-looking metrics and a steady outlook. Adobe Maintained at Hold
• Negative Sentiment: Fiscal Q4 revenue guidance of approximately $6.8 billion to $6.85 billion was viewed as slightly below or near expectations, renewing concerns that growth is slowing and that AI-native competitors could pressure Adobe’s core franchises. The market reaction indicates investors wanted a stronger acceleration in AI-driven sales. Why is Adobe stock falling despite a revenue and earnings beat?
• Negative Sentiment: Bank of America Securities reiterated a Sell rating and a $220 price target, pointing to decelerating growth and uncertainty over AI monetization. Analysts are also weighing Adobe’s freemium transition, strategic uncertainty, and the shift to incoming CEO Anil Chakravarthy, which could increase execution risk. Adobe Rated Sell

About Adobe

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.