Adobe Inc. (NASDAQ:ADBE) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Adobe Inc. has received a consensus rating of "Moderate Buy" from twenty-seven research firms, with a twelve-month target price averaging approximately $435.63.
• Recent stock analysis indicates that Adobe's shares are currently down 0.6%, with a recent opening price of $347.10.
• The software company reported $5.31 earnings per share for the latest quarter, exceeding expectations and marking a 10.7% year-over-year revenue growth.

Shares of Adobe Inc. (NASDAQ:ADBE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $435.6296.

Several research analysts have weighed in on the stock. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. TD Cowen reduced their price objective on shares of Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research report on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $470.00 price objective (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Evercore ISI reduced their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Royal Bank Of Canada reduced their price objective on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th.

Adobe Stock Down 0.6%

Adobe stock opened at $347.10 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe has a 12-month low of $330.04 and a 12-month high of $557.90. The firm's fifty day moving average is $356.72 and its 200 day moving average is $378.33. The company has a market capitalization of $147.24 billion, a PE ratio of 21.63, a PEG ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The business'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. As a group, sell-side analysts predict that Adobe will post 16.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Adobe

Several institutional investors have recently added to or reduced their stakes in ADBE. Siemens Fonds Invest GmbH grew its position in Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after buying an additional 39,888 shares during the period. 1248 Management LLC bought a new position in Adobe during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the first quarter worth about $26,000. SWAN Capital LLC bought a new position in Adobe during the fourth quarter worth about $28,000. Finally, Copia Wealth Management bought a new position in Adobe during the fourth quarter worth about $28,000. Institutional investors own 81.79% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.