Citizens Jmp Reiterates Market Perform Rating for Adobe (NASDAQ:ADBE)

Key Points

• Citizens JMP reiterated a Market Perform rating on Adobe, while the broader analyst consensus remains Hold, with 21 Hold, seven Buy, and five Sell ratings and an average price target of $287.12.
• Adobe reported quarterly revenue of $6.76 billion, up 12.9% year over year, and EPS of $6.13, narrowly beating analyst expectations. Management issued fiscal 2026 adjusted EPS guidance of $24.45–$24.50.
• Adobe shares opened at $242.50, down 2.5%, amid concerns about slowing growth and uncertainty over AI monetization despite strong results; institutional investors own approximately 81.79% of the stock.

Adobe (NASDAQ:ADBE - Get Free Report)'s stock had its "market perform" rating restated by equities researchers at Citizens Jmp in a note issued to investors on Friday, Benzinga reports.

Several other research firms have also recently commented on ADBE. Phillip Securities cut shares of Adobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Robert W. Baird raised their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday. Wolfe Research cut Adobe from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 12th. BMO Capital Markets increased their target price on Adobe from $230.00 to $270.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Adobe from $420.00 to $340.00 and set an "overweight" rating for the company in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $287.12.

Adobe Stock Down 2.5%

Shares of NASDAQ:ADBE opened at $242.50 on Friday. The firm has a 50 day simple moving average of $252.89 and a 200-day simple moving average of $245.59. The company has a market capitalization of $96.39 billion, a PE ratio of 13.99, a P/E/G ratio of 0.89 and a beta of 1.42. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe has a twelve month low of $190.12 and a twelve month high of $370.86.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.69 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, equities analysts predict that Adobe will post 19.83 EPS for the current fiscal year.

Insider Activity at Adobe

In other news, Director David Ricks acquired 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Adobe

Several hedge funds have recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter valued at about $26,000. TrustBank acquired a new stake in shares of Adobe during the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Adobe in the second quarter valued at $28,000. Lloyd Advisory Services LLC. acquired a new stake in Adobe in the 4th quarter worth about $31,000. Finally, Sankala Group LLC purchased a new stake in Adobe in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, and adjusted EPS of $6.13, exceeding consensus estimates of $6.69 billion and $6.08, respectively. The company also said AI-first annual recurring revenue increased more than 150% and monthly active users surpassed 1 billion. Adobe Reports Record Q3 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, projecting adjusted EPS of $24.45-$24.50 and revenue of approximately $26.6 billion. The stronger full-year forecast suggests Adobe’s AI product investments are beginning to contribute to growth. Adobe’s Q3 Earnings Defy Skeptics with Increased 2026 Outlook
• Positive Sentiment: BMO Capital Markets raised its price target from $230 to $270 while maintaining a Market Perform rating, indicating modest potential upside from the reported $248.83 reference price. BMO Capital Markets price target update
• Neutral Sentiment: Analyst opinion remains mixed. Robert W. Baird lifted its target to $250 but kept a Neutral rating, BTIG reaffirmed Neutral, and Piper Sandler maintained Hold with a $250 target. Analyst ratings and price targets
• Negative Sentiment: Adobe’s fourth-quarter revenue outlook of roughly $6.8-$6.85 billion was slightly below or near consensus, reinforcing concerns that growth is slowing. Net new ARR also declined amid the company’s freemium strategy, while investors remain uncertain about the pace and profitability of AI monetization. Why Adobe stock is falling despite an earnings beat
• Negative Sentiment: JPMorgan cut its price target to $315 from $340, while Bank of America maintained a Sell rating and a $220 target, citing slowing growth, competitive AI pressure and uncertain monetization. A recent CEO transition adds to the strategic uncertainty. JPMorgan cuts Adobe price target

Adobe Company Profile

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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