Adobe's (ADBE) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed its "hold (C-)" rating on Adobe's stock, indicating a cautious outlook amidst recent brokerage commentary.
• Adobe's consensus price target currently stands at $433.41, with ratings ranging from Strong Buy to Sell from various analysts.
• The company reported a 10.7% increase in revenue year-over-year, posting $5.99 billion for the quarter, surpassing estimates.

Adobe (NASDAQ:ADBE - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages also recently commented on ADBE. Wells Fargo & Company reaffirmed an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Morgan Stanley lowered Adobe from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $433.41.

Adobe Trading Up 0.0%

Shares of NASDAQ ADBE traded up $0.16 during mid-day trading on Wednesday, hitting $348.47. 1,730,099 shares of the company traded hands, compared to its average volume of 3,971,422. Adobe has a 1 year low of $330.04 and a 1 year high of $557.90. The stock has a market capitalization of $145.87 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.57 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $352.39 and a two-hundred day moving average of $371.72.

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 the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business posted $4.65 earnings per share. Adobe's revenue 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, sell-side analysts anticipate that Adobe will post 16.65 earnings per share for the current fiscal year.

Institutional Trading of Adobe

Hedge funds have recently modified their holdings of the company. 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 bought a new stake in shares of Adobe in the 1st quarter worth approximately $26,000. LSV Asset Management lifted its position in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company's stock worth $28,000 after acquiring an additional 56 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $30,000. 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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