Adobe (NASDAQ:ADBE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Adobe (NASDAQ:ADBE) from a hold rating to a buy rating in a report released on Monday morning.

ADBE has been the subject of several other reports. Mizuho reduced their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Evercore ISI reduced their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Cowen reissued a “hold” rating on shares of Adobe in a research report on Monday, December 8th. Jefferies Financial Group reduced their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $417.93.

Adobe Trading Up 0.5%

NASDAQ:ADBE opened at $357.53 on Monday. The stock has a market cap of $149.66 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. Adobe has a 1 year low of $311.58 and a 1 year high of $465.70. The business has a fifty day moving average of $337.10 and a 200-day moving average of $354.63.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts predict that Adobe will post 16.65 earnings per share for the current year.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

Institutional Trading of Adobe

A number of institutional investors have recently bought and sold shares of ADBE. Vanguard Group Inc. grew its holdings in shares of Adobe by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after purchasing an additional 344,816 shares during the last quarter. State Street Corp lifted its holdings in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after purchasing an additional 352,448 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after buying an additional 1,952,994 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock valued at $2,097,289,000 after buying an additional 126,688 shares in the last quarter. Finally, Norges Bank bought a new stake in Adobe during the second quarter worth about $2,029,950,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

About Adobe

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.