Adobe (NASDAQ:ADBE) Trading Up 2.2% - Time to Buy?

Key Points

• Adobe's share price increased by 2.2% to $361.35 on Friday, with trading volume down significantly at 772,103 shares compared to an average of 3,760,014 shares.
• Analyst ratings show a consensus of Moderate Buy with two Strong Buy ratings and a price target averaging $467.58, while Rothschild & Co Redburn downgraded the stock to a Sell rating with a target of $280.00.
• For the last quarter, Adobe reported $5.06 EPS, exceeding expectations, along with a 10.6% year-over-year revenue growth to $5.87 billion.

Adobe Inc. (NASDAQ:ADBE - Get Free Report)'s share price rose 2.2% on Friday . The stock traded as high as $361.89 and last traded at $361.35. Approximately 772,103 shares traded hands during trading, a decline of 79% from the average daily volume of 3,760,014 shares. The stock had previously closed at $353.43.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research report on Wednesday, July 2nd. JMP Securities reissued a "market perform" rating on shares of Adobe in a research report on Monday, June 23rd. Bank of America boosted their target price on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Evercore ISI reaffirmed an "outperform" rating and issued a $475.00 target price on shares of Adobe in a report on Friday, June 13th. Finally, Mizuho lowered their target price on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The business's fifty day moving average is $367.17 and its 200 day moving average is $390.51. The firm has a market capitalization of $153.60 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.68 and a beta of 1.51.

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

Institutional Investors Weigh In On Adobe

Institutional investors have recently modified their holdings of the business. Garde Capital Inc. purchased a new position in shares of Adobe during the first quarter valued at approximately $34,000. PFG Advisors raised its stake in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after purchasing an additional 855 shares during the period. Krane Funds Advisors LLC grew its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after buying an additional 730 shares in the last quarter. Burling Wealth Partners LLC bought a new stake in shares of Adobe in the 4th quarter valued at approximately $1,173,000. Finally, Financial Counselors Inc. lifted its stake in shares of Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after acquiring an additional 5,298 shares during the last quarter. 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.