Equities Analysts Issue Forecasts for Adobe FY2027 Earnings

Key Points

• Zacks Research has lowered its FY2027 earnings estimate for Adobe to $21.34 per share, reflecting a slight decline from the previous estimate of $21.37.
• Numerous investment analysts have varied ratings for Adobe, with the consensus indicating a Moderate Buy and a price target of approximately $467.58.
• In recent transactions, institutional investors have significantly increased their stakes in Adobe, with Norges Bank acquiring a $2 billion stake during the second quarter.

Adobe Inc. (NASDAQ:ADBE - Free Report) - Stock analysts at Zacks Research lowered their FY2027 earnings per share (EPS) estimates for Adobe in a report issued on Tuesday, August 19th. Zacks Research analyst Team now forecasts that the software company will post earnings of $21.34 per share for the year, down from their prior estimate of $21.37. The consensus estimate for Adobe's current full-year earnings is $16.65 per share.

Several other brokerages have also recently commented on ADBE. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. JMP Securities reissued a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. UBS Group lifted their price target on shares of Adobe from $380.00 to $430.00 and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, DA Davidson restated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research report on Friday, June 20th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $467.58.

Adobe Price Performance

NASDAQ:ADBE traded up $8.66 during midday trading on Wednesday, hitting $362.09. 3,055,589 shares of the stock were exchanged, compared to its average volume of 3,743,152. Adobe has a one year low of $330.04 and a one year high of $587.75. The company has a market capitalization of $153.60 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.68 and a beta of 1.51. The business has a 50-day moving average price of $367.17 and a two-hundred day moving average price of $390.51. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

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

Hedge Funds Weigh In On Adobe

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADBE. Copia Wealth Management purchased a new position in shares of Adobe during the 4th quarter valued at $28,000. SWAN Capital LLC purchased a new position in shares of Adobe during the 4th quarter valued at $28,000. 1248 Management LLC purchased a new position in shares of Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the first quarter valued at approximately $26,000. Finally, LSV Asset Management lifted its stake in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company's stock valued at $28,000 after acquiring an additional 56 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

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.