Mizuho Lowers Adobe (NASDAQ:ADBE) Price Target to $315.00

Adobe (NASDAQ:ADBE) had its price target cut by Mizuho from $340.00 to $315.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the software company’s stock. Mizuho’s price target would indicate a potential upside of 23.87% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Oppenheimer lowered Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. Stifel Nicolaus reduced their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. The Goldman Sachs Group began coverage on shares of Adobe in a research report on Monday, January 12th. They issued a “sell” rating and a $290.00 target price on the stock. Robert W. Baird set a $350.00 target price on shares of Adobe in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company reduced their price target on shares of Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $346.96.

Adobe Trading Down 5.7%

NASDAQ ADBE traded down $15.48 on Friday, reaching $254.30. 7,388,223 shares of the company were exchanged, compared to its average volume of 5,622,554. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $285.56 and its 200 day moving average price is $324.01. The stock has a market capitalization of $104.39 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. Adobe has a fifty-two week low of $244.28 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the company earned $5.08 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Analysts forecast that Adobe will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of Adobe stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Adobe

A number of institutional investors have recently bought and sold shares of the business. CX Institutional lifted its stake in shares of Adobe by 72.9% in the 3rd quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after acquiring an additional 11,769 shares during the period. Wright Investors Service Inc. increased its stake in shares of Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the period. Federated Hermes Inc. raised its holdings in Adobe by 185.1% during the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after purchasing an additional 583,275 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Adobe by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 106,598 shares of the software company’s stock worth $38,309,000 after purchasing an additional 32,448 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Adobe by 112.6% in the third quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock valued at $469,467,000 after purchasing an additional 710,357 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record Q1 results: revenue and EPS topped expectations and the company said AI‑first annualized recurring revenue more than tripled year‑over‑year, evidence that AI products are driving adoption. Adobe Delivers Record Q1 Results
• Positive Sentiment: Adobe emphasized continued product momentum and has been repurchasing stock, signaling management confidence in the balance sheet and long‑term cash returns to shareholders. Adobe’s Revenue Accelerates. Is It Time to Buy This?
• Neutral Sentiment: Management issued FY‑2026 and Q2 guidance that market participants are parsing for evidence of AI monetization; some see guidance as adequate, others view the tone as cautious amid sector volatility. Adobe Q1 earnings and guidance (MarketBeat)
• Negative Sentiment: CEO Shantanu Narayen said he will transition from the CEO role once a successor is named; investors are unsettled by leadership uncertainty at a pivotal moment for Adobe’s AI strategy. Shantanu Narayen Announces Decision to Transition as Adobe’s CEO
• Negative Sentiment: The market reaction has been sharp: shares are down after hours/premarket as traders price in succession risk and renewed AI‑disruption concerns that have pressured software valuations. Adobe shares drop after CEO exit adds to AI‑disruption concerns (Reuters)
• Negative Sentiment: Adobe agreed to pay $75 million to resolve a U.S. lawsuit over subscription cancellation fees — modest vs. Adobe’s market cap but another near‑term headline and cash outflow. Adobe to pay $75M to resolve US lawsuit (Reuters)
• Negative Sentiment: Several analysts trimmed price targets or issued cautious notes after the report and leadership news, adding downward pressure until clarity on succession and AI monetization emerges. TD Cowen Lowers PT on Adobe

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.