Adobe (NASDAQ:ADBE) Price Target Raised to $290.00 at DA Davidson

Key Points

• DA Davidson raised Adobe’s price target to $290 from $250 and maintained a “buy” rating, implying approximately 10.14% upside from the previous close.
• Adobe reported quarterly EPS of $6.13, topping the $6.08 consensus estimate, while revenue rose 12.9% year over year to $6.76 billion. The company issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Analyst sentiment remains mixed: Adobe has an overall “hold” rating and an average price target of $282.68, despite seven buy ratings. Institutional investors own approximately 81.79% of the company.

Adobe (NASDAQ:ADBE - Get Free Report) had its price target upped by analysts at DA Davidson from $250.00 to $290.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the software company's stock. DA Davidson's price target would indicate a potential upside of 10.14% from the company's previous close.

Several other brokerages also recently issued reports on ADBE. UBS Group boosted their price target on shares of Adobe from $225.00 to $255.00 and gave the company a "neutral" rating in a report on Friday. Mizuho set a $260.00 price objective on shares of Adobe in a report on Tuesday, September 8th. Jefferies Financial Group cut their price objective on shares of Adobe from $285.00 to $275.00 and set a "hold" rating on the stock in a research report on Friday. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, HSBC upgraded shares of Adobe from a "hold" rating to a "buy" rating and upped their target price for the stock from $282.00 to $308.00 in a research report on Thursday, July 2nd. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $282.68.

Adobe Stock Performance

Shares of NASDAQ:ADBE traded up $11.07 during trading on Monday, hitting $263.30. 3,423,452 shares of the company traded hands, compared to its average volume of 5,828,943. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The business's fifty day moving average is $253.54 and its 200-day moving average is $245.63. The stock has a market capitalization of $104.66 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.88 and a beta of 1.42. Adobe has a one year low of $190.12 and a one year high of $370.86.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the business posted $5.31 EPS. The business's revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. As a group, equities analysts predict that Adobe will post 19.83 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In related news, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares of the company's stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Adobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Adobe by 19,873.5% in the 2nd quarter. California State Teachers Retirement System now owns 125,658,193 shares of the software company's stock worth $25,762,443,000 after buying an additional 125,029,070 shares in the last quarter. BlackRock Inc. bought a new position in Adobe during the second quarter valued at about $8,437,821,000. State Street Corp grew its holdings in Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company's stock worth $7,277,941,000 after acquiring an additional 352,448 shares during the period. Geode Capital Management LLC raised its position in Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company's stock worth $4,027,170,000 after acquiring an additional 414,049 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Adobe by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company's stock worth $1,651,066,000 after acquiring an additional 563,772 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Strong quarterly performance and guidance: Adobe reported record third-quarter revenue of $6.76 billion, up 13% year over year, and adjusted EPS of $6.13, ahead of expectations. Management also raised its full-year revenue and profit outlook, while annualized recurring revenue reached $27.5 billion. Why It May Finally Be Time to Buy Adobe Stock
• Positive Sentiment: AI monetization is gaining traction: Adobe’s AI-first ending ARR exceeded $650 million, suggesting that its investments in generative AI are beginning to contribute meaningfully to revenue. Investors are also attracted by the stock’s relatively low earnings multiple after its extended decline. Adobe’s AI Bet Is Finally Showing Up In Revenue
• Positive Sentiment: New AI product expands growth opportunities: Student Spaces in Acrobat is now globally available for free, offering AI-powered flashcards, citation generation, note digitization, summaries and interview preparation. The rollout could strengthen Acrobat engagement and create future conversion opportunities. Student Spaces in Acrobat
• Neutral Sentiment: Software-sector rotation: Adobe gained as enterprise software stocks outperformed AI hardware names after comments from Anthropic’s CEO fueled debate about a possible slowdown in AI model development. Software Sidesteps AI Selloff
• Negative Sentiment: Analyst caution remains: JPMorgan and Citigroup lowered their price targets, while other analysts cited cautious guidance, rising competition and uncertainty over the pace of AI-driven growth. Morgan Stanley also questioned whether user growth will translate into the revenue metrics investors prioritize. JPMorgan Lowers Adobe Stock Price Target

About Adobe

Adobe Inc NASDAQ: ADBE develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.

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