Brokerages Set Adobe Inc. (NASDAQ:ADBE) PT at $338.15

Adobe Inc. (NASDAQ:ADBE) has earned a consensus recommendation of “Hold” from the thirty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $338.1538.

Several research analysts recently weighed in on the stock. HSBC set a $302.00 price objective on shares of Adobe in a research note on Friday, February 13th. Morgan Stanley dropped their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. The Goldman Sachs Group decreased their target price on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus lowered their price target on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th.

Insider Transactions at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock valued at $18,782,773 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ADBE. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe during the third quarter worth $27,000. Caitlin John LLC acquired a new position in Adobe during the third quarter worth $28,000. Finally, Beacon Financial Strategies CORP bought a new position in Adobe in the fourth quarter valued at $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Up 0.7%

Shares of NASDAQ ADBE opened at $255.62 on Wednesday. Adobe has a 1 year low of $224.13 and a 1 year high of $422.95. The firm’s 50-day moving average is $250.30 and its 200-day moving average is $296.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $103.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $5.08 earnings per share. Adobe’s revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities analysts expect that Adobe will post 19.14 EPS for the current year.

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