Adobe (NASDAQ:ADBE) Stock Price Up 1.2% - What's Next?

Key Points

• Adobe's stock price increased by 1.2% to $333.26, with nearly 4 million shares traded during mid-day trading.
• DA Davidson has a "buy" rating on Adobe with a target price of $500, while Redburn Atlantic downgraded its rating to "strong sell" with a target of $280.
• Adobe reported quarterly earnings of $5.31 EPS, exceeding expectations, and set guidance for FY 2025 between $20.800 and $20.850 EPS.

Shares of Adobe Inc. (NASDAQ:ADBE - Get Free Report) rose 1.2% on Friday . The stock traded as high as $335.10 and last traded at $333.26. Approximately 3,977,131 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 3,969,303 shares. The stock had previously closed at $329.23.

Analyst Upgrades and Downgrades

ADBE has been the topic of several research analyst reports. DA Davidson reissued a "buy" rating and issued a $500.00 price objective on shares of Adobe in a research report on Friday, September 12th. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and cut their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Evercore ISI lowered their target price on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $433.41.

Adobe Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $139.50 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The company has a 50 day simple moving average of $351.14 and a 200-day simple moving average of $369.21.

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 (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 for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the company posted $4.65 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Institutional Trading of Adobe

A number of hedge funds and other institutional investors have recently made changes to their positions in ADBE. Brighton Jones LLC raised its stake in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after purchasing an additional 167 shares during the period. GAMMA Investing LLC raised its stake in shares of Adobe by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company's stock valued at $2,991,000 after purchasing an additional 1,422 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Adobe by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 115,461 shares of the software company's stock worth $44,283,000 after buying an additional 4,306 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Adobe by 3.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,496 shares of the software company's stock worth $1,724,000 after buying an additional 165 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in Adobe by 36.1% during the first quarter. CWA Asset Management Group LLC now owns 2,598 shares of the software company's stock worth $996,000 after buying an additional 689 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Company Profile

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.