Adobe (NASDAQ:ADBE) Stock Price Up 1.5% - Still a Buy?

Key Points

• Adobe's stock price increased by 1.5% on Thursday, closing at $367.46 after trading as high as $370.86 with significantly increased trading volume of approximately 4.7 million shares.
• Analysts have mixed opinions on the stock, with price targets ranging from $280 to $500, and an overall consensus rating of "Moderate Buy" with an average target of $435.63.
• Adobe reported quarterly earnings of $5.31 EPS, exceeding expectations and reflecting a 10.7% year-over-year revenue increase, prompting positive adjustments in FY 2025 guidance.

Adobe Inc. (NASDAQ:ADBE - Get Free Report) was up 1.5% on Thursday . The stock traded as high as $370.86 and last traded at $367.46. Approximately 4,705,756 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 3,934,958 shares. The stock had previously closed at $362.07.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ADBE shares. Piper Sandler dropped their price objective on Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a report on Friday, September 12th. Redburn Partners set a $280.00 target price on Adobe in a report on Monday, September 1st. Mizuho reduced their price target on Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Barclays upped their target price on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Finally, Bank of America upped their target price on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $435.63.

Adobe Trading Up 1.5%

The firm has a fifty day simple moving average of $355.91 and a two-hundred day simple moving average of $378.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market capitalization of $155.88 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping 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 firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The business'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. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adobe

A number of institutional investors and hedge funds have recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH raised 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 purchasing an additional 39,888 shares in the last quarter. 1248 Management LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the 1st quarter worth approximately $26,000. SWAN Capital LLC purchased a new position in Adobe in the 4th quarter worth approximately $28,000. Finally, Copia Wealth Management purchased a new position in Adobe in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

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.

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