Adobe Inc. (NASDAQ:ADBE - Get Free Report) shares dropped 2.9% during trading on Friday . The company traded as low as $336.94 and last traded at $337.51. Approximately 4,198,040 shares traded hands during trading, an increase of 6% from the average daily volume of 3,975,309 shares. The stock had previously closed at $347.47.
Analysts Set New Price Targets
ADBE has been the subject of a number of research reports. Mizuho downgraded shares of Adobe from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. BMO Capital Markets cut their price target on Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a report on Friday, September 12th. Robert W. Baird raised their target price on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Finally, UBS Group cut their price objective on shares of Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $433.41.
View Our Latest Research Report on Adobe
Adobe Stock Down 2.9%
The company has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The stock's fifty day moving average is $351.88 and its 200 day moving average is $371.24. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.
Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tlwm increased its position in Adobe by 6.1% during the 3rd quarter. Tlwm now owns 2,543 shares of the software company's stock valued at $897,000 after buying an additional 147 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Adobe by 142.9% during the third quarter. Sound Income Strategies LLC now owns 464 shares of the software company's stock valued at $161,000 after acquiring an additional 273 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in shares of Adobe by 18.6% during the third quarter. Foster Victor Wealth Advisors LLC now owns 62,588 shares of the software company's stock valued at $21,702,000 after acquiring an additional 9,831 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in Adobe by 4.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 3,404 shares of the software company's stock valued at $1,201,000 after purchasing an additional 158 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in Adobe by 1.2% during the 3rd quarter. Orrstown Financial Services Inc. now owns 2,628 shares of the software company's stock valued at $927,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 81.79% of the company's stock.
Adobe Company Profile
(
Get Free Report)
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.
Further Reading
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