Adobe Inc. (NASDAQ:ADBE) Receives $271.30 Average Price Target from Brokerages

Shares of Adobe Inc. (NASDAQ:ADBE) have earned a consensus rating of “Hold” from the thirty-three brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $269.8077.

ADBE has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. Wells Fargo & Company dropped their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. BMO Capital Markets cut their price objective on Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research report on Friday, June 12th. Finally, Evercore set a $225.00 target price on Adobe and gave the stock an “in-line” rating in a report on Friday, June 12th.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was 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 approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adobe

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Adobe in the 2nd quarter worth approximately $8,437,821,000. Norges Bank bought a new position in Adobe during the 4th quarter valued at approximately $2,275,165,000. Bank of New York Mellon Corp purchased a new position in Adobe during the second quarter valued at $954,468,000. Deutsche Bank AG purchased a new position in Adobe during the second quarter valued at $750,203,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Adobe in the second quarter worth $211,248,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of Adobe stock opened at $270.49 on Friday. The firm has a market cap of $107.52 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40. Adobe has a 12-month low of $190.12 and a 12-month high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $228.38 and its two-hundred day simple moving average is $245.91.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, equities analysts expect that Adobe will post 19.81 EPS for the current year.

Adobe announced that its board has authorized a stock buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.