Brokerages Set Adobe Inc. (NASDAQ:ADBE) PT at $433.41

Adobe Inc. (NASDAQ:ADBE) has been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $433.4074.

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group cut their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Oppenheimer cut their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a report on Monday, June 16th. Finally, Redburn Atlantic downgraded shares of Adobe from a “hold” rating to a “strong sell” rating and dropped their target price for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $339.32 on Friday. The company has a market capitalization of $142.04 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.51 and a beta of 1.49. The firm’s 50 day simple moving average is $351.68 and its 200 day simple moving average is $370.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe has a fifty-two week low of $330.04 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company posted $4.65 EPS. 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, sell-side analysts forecast that Adobe will post 16.65 earnings per share for the current year.

Institutional Trading of Adobe

Hedge funds have recently bought and sold shares of the stock. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $26,000. LSV Asset Management raised its holdings in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC bought a new position in shares of Adobe during the 1st quarter worth approximately $30,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

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.