Shares of Adobe Inc. (NASDAQ:ADBE – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $284.60 and last traded at $287.4620, with a volume of 2444004 shares traded. The stock had previously closed at $299.58.
Adobe News Summary
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Airtel partnership expands distribution of Adobe Express — Bharti Airtel will give many customers free access to Adobe Express Premium (large user reach in India), a deal that could accelerate user adoption and funnel paid conversions over time. ‘Airtel, in Global First, Offers 360 Million Users Free Adobe Express Premium Access’
- Positive Sentiment: Photoshop product upgrades — Adobe rolled out notable Photoshop features (clarity/dehaze layer and other pro workflow improvements) that help retain creative pros and support long‑term subscription ARPU and enterprise appeal. Adobe Announces New Upgrades To Photoshop Giving More Control, Realism And Precision
- Neutral Sentiment: AI/competitive discussion — comparisons with Figma and coverage of AI strategy highlight the competitive landscape; useful context for long‑term share gains but not an immediate catalyst. Better AI Software Stock: Figma vs. Adobe
- Negative Sentiment: Acquisition risk — Adobe agreed to buy Semrush at roughly a 78% premium; investors are concerned the price is high and that the deal increases execution, integration and capital risks. This appears to be the primary driver of today’s downside. Adobe Acquired Semrush Holdings (SEMR) at a 78% premium
- Negative Sentiment: Legal/transaction uncertainty — Semrush shareholders have filed lawsuits over the proposed merger, which could delay the deal, add costs, or create conditional regulatory/legal risk. Semrush Faces Shareholder Lawsuits Over Proposed Adobe Merger
- Negative Sentiment: Analyst downgrades and cautious notes — Multiple firms (Goldman, BMO, Jefferies) trimmed ratings/price targets recently, increasing near‑term selling pressure. Goldman, BMO, and Jefferies downgrade Adobe (ADBE)
- Negative Sentiment: Insider selling — CFO Daniel Durn sold ~1,646 shares recently; while a modest sale, insider selling can add to negative sentiment during a volatile pullback. Adobe (NASDAQ:ADBE) CFO Daniel Durn Sells 1,646 Shares
Analysts Set New Price Targets
ADBE has been the topic of a number of recent analyst reports. Oppenheimer cut shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group started coverage on shares of Adobe in a research note on Monday, January 12th. They set a “sell” rating and a $290.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Adobe in a research note on Thursday, December 11th. Robert W. Baird set a $350.00 price objective on shares of Adobe in a research note on Wednesday, January 14th. Finally, Morgan Stanley cut their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $397.19.
Adobe Price Performance
The company’s 50-day moving average price is $329.78 and its 200-day moving average price is $342.82. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $118.16 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.17 and a beta of 1.53.
Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the business earned $4.81 EPS. The firm’s quarterly revenue 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, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.
Insider Buying and Selling at Adobe
In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.16% of the company’s stock.
Institutional Trading of Adobe
A number of institutional investors have recently added to or reduced their stakes in ADBE. CX Institutional raised 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 valued at $9,849,000 after acquiring an additional 11,769 shares during the period. Wright Investors Service Inc. lifted 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 purchasing an additional 5,293 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Adobe by 185.1% in the third quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock worth $316,913,000 after buying an additional 583,275 shares during the period. Lathrop Investment Management Co. grew its stake in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in Adobe during the 3rd quarter worth approximately $24,904,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Adobe Company Profile
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.
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