Adobe (NASDAQ:ADBE) Given New $460.00 Price Target at Mizuho

Key Points

• Mizuho has lowered Adobe's price target from $530.00 to $460.00 while maintaining an "outperform" rating, indicating a potential upside of 31.82% from its previous close.
• Multiple analysts have recently adjusted their ratings on Adobe, with Citigroup lowering its target to $450.00 and Wall Street Zen upgrading it to "buy," reflecting mixed sentiments among investors.
• Adobe's Q2 earnings showed a profit of $5.06 per share, surpassing expectations, with a revenue of $5.87 billion, marking a 10.6% year-over-year increase.

Adobe (NASDAQ:ADBE - Get Free Report) had its price target decreased by equities researchers at Mizuho from $530.00 to $460.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the software company's stock. Mizuho's price objective suggests a potential upside of 31.82% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Citigroup cut their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Friday. Stifel Nicolaus decreased their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Barclays decreased their price target on shares of Adobe from $567.00 to $460.00 and set an "overweight" rating for the company in a research report on Friday. Finally, DA Davidson reiterated a "buy" rating and set a $500.00 price objective on shares of Adobe in a research note on Friday, June 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has a consensus rating of "Moderate Buy" and an average target price of $450.07.

Adobe Trading Up 1.4%

ADBE opened at $348.97 on Monday. The firm's 50 day moving average is $360.40 and its 200-day moving average is $382.10. Adobe has a 52-week low of $330.04 and a 52-week high of $587.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $148.03 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the business earned $4.48 EPS. The business's revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Analysts expect that Adobe will post 16.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Adobe

Several hedge funds and other institutional investors have recently modified their holdings of the company. Siemens Fonds Invest GmbH lifted its stake 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 purchasing an additional 39,888 shares during the last quarter. 1248 Management LLC acquired a new position in shares of Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the 1st quarter worth about $26,000. SWAN Capital LLC purchased a new stake in shares of Adobe during the 4th quarter worth about $28,000. Finally, Copia Wealth Management acquired a new stake in shares of Adobe during the 4th quarter valued at about $28,000. Institutional investors and hedge funds 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.

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