Brokerages Set Adobe Inc. (NASDAQ:ADBE) Target Price at $417.93

Adobe Inc. (NASDAQ:ADBE) has earned a consensus rating of “Hold” from the twenty-nine brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $417.9259.

A number of research firms have recently weighed in on ADBE. Jefferies Financial Group dropped their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Wells Fargo & Company dropped their target price on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. UBS Group set a $487.00 price target on Adobe in a research note on Sunday, December 14th. Finally, Barclays restated an “overweight” rating and issued a $415.00 price objective on shares of Adobe in a report on Friday, December 5th.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Adobe

Several institutional investors have recently bought and sold shares of ADBE. Triumph Capital Management boosted its stake in shares of Adobe by 22.5% during the 3rd quarter. Triumph Capital Management now owns 773 shares of the software company’s stock worth $273,000 after acquiring an additional 142 shares in the last quarter. Advisors Management Group Inc. ADV lifted its holdings in Adobe by 1.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 15,299 shares of the software company’s stock worth $5,397,000 after purchasing an additional 175 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in Adobe by 6.4% in the 3rd quarter. Strategic Investment Advisors MI now owns 1,669 shares of the software company’s stock worth $589,000 after purchasing an additional 101 shares during the last quarter. Bourne Lent Asset Management Inc. boosted its position in Adobe by 2.1% during the third quarter. Bourne Lent Asset Management Inc. now owns 57,346 shares of the software company’s stock worth $20,229,000 after purchasing an additional 1,200 shares during the period. Finally, Mirabella Financial Services LLP grew its holdings in Adobe by 102.1% during the third quarter. Mirabella Financial Services LLP now owns 7,594 shares of the software company’s stock valued at $2,675,000 after purchasing an additional 3,836 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

NASDAQ ADBE opened at $353.80 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The firm has a market capitalization of $148.10 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. The company has a 50 day simple moving average of $338.76 and a 200-day simple moving average of $353.29. Adobe has a 52-week low of $311.58 and a 52-week high of $465.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the firm posted $4.81 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities research analysts predict that Adobe will post 16.65 earnings per share for the current fiscal year.

Adobe Company Profile

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.