Adobe (NASDAQ:ADBE) Price Target Raised to $290.00

Adobe (NASDAQ:ADBE) had its price target increased by DA Davidson from $250.00 to $290.00 in a research report report published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the software company’s stock.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus increased their price target on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, September 9th. KeyCorp decreased their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Piper Sandler increased their price objective on shares of Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $282.68.

Adobe Stock Performance

Shares of ADBE opened at $250.50 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 0.77. The stock has a 50-day moving average of $255.81 and a two-hundred day moving average of $245.64. The stock has a market cap of $99.57 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.90 and a beta of 1.42. Adobe has a one year low of $190.12 and a one year high of $370.86.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the prior year, the company earned $5.31 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. As a group, research analysts predict that Adobe will post 20 EPS for the current year.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Adobe

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orange Investment Advisors Inc. increased its holdings in Adobe by 21.6% in the 4th quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company’s stock valued at $10,339,000 after purchasing an additional 5,254 shares during the last quarter. BlackRock Inc. acquired a new position in Adobe during the second quarter worth $8,437,821,000. Johnson Financial Group Inc. purchased a new position in shares of Adobe during the second quarter worth $2,289,000. Biondo Investment Advisors LLC purchased a new position in shares of Adobe during the second quarter worth $2,647,000. Finally, Summit Global Investments acquired a new stake in shares of Adobe in the second quarter valued at $1,401,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s record fiscal third-quarter revenue of $6.76 billion, roughly 13% year-over-year growth, strong free-cash-flow margins and multi-billion-dollar share repurchases support the bullish case. Management also highlighted new AI capabilities in Acrobat and other products, while Anil Chakravarthy is scheduled to become CEO on December 1. Adobe AI push, buybacks and CEO transition
• Positive Sentiment: Some commentary views Adobe as undervalued following its results, citing free-cash-flow margins above 40% and potential for a rebound if its AI strategy gains traction. Jim Cramer also identified ADBE as a possible short-squeeze candidate, which could provide a near-term trading catalyst. Adobe stock valuation and trading strategy
• Neutral Sentiment: KeyCorp raised its full-year fiscal 2026 and fiscal 2027 EPS forecasts modestly to $20.02 and $22.65, respectively. However, the firm maintained an Underweight rating and a $195 price target, indicating limited confidence that earnings improvements will translate into stronger share performance. KeyCorp Adobe estimates
• Negative Sentiment: Investors remain concerned that Adobe’s fiscal 2026 ending annualized recurring-revenue growth target is unchanged at 10.2%, despite better quarterly revenue. That suggests AI adoption may not yet be accelerating the subscription business as quickly as expected. Adobe recurring revenue outlook
• Negative Sentiment: Comparisons with Snowflake favor SNOW because of its faster growth, expanding AI adoption and customer expansion, while Goldman Sachs commentary described Adobe as the more problematic AI software investment versus Oracle. These comparisons reinforce concerns that Adobe’s mature business may grow more slowly, even though its valuation is substantially lower. Snowflake versus Adobe comparison

About Adobe

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.