Adobe (NASDAQ:ADBE) Stock Price Up 1.7% – What’s Next?

by · The Markets Daily

Adobe Inc. (NASDAQ:ADBE – Get Free Report) rose 1.7% during mid-day trading on Friday . The company traded as high as $362.71 and last traded at $356.43. Approximately 5,434,150 shares were traded during trading, an increase of 37% from the average daily volume of 3,970,540 shares. The stock had previously closed at $350.43.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADBE shares. Wells Fargo & Company lowered their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Morgan Stanley cut their price target on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Monday. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Adobe in a report on Thursday. Finally, UBS Group reissued a “neutral” rating and issued a $375.00 target price on shares of Adobe in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $413.19.

View Our Latest Stock Report on ADBE

Adobe Stock Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $149.20 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.26 and a beta of 1.54. The firm’s 50-day moving average price is $335.88 and its 200 day moving average price is $358.23.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 60.67%. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the firm earned $4.81 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

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 value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADBE. 1248 Management LLC acquired a new stake in shares of Adobe during the first quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Adobe during the 3rd quarter worth approximately $27,000. LSV Asset Management raised its holdings in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the period. Finally, Caitlin John LLC acquired a new stake in Adobe during the 3rd quarter worth approximately $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Company Profile

(Get Free Report)

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

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