Adobe (NASDAQ:ADBE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Adobe (NASDAQ:ADBE) from a hold rating to a buy rating in a research report sent to investors on Sunday.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada decreased their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. TD Cowen decreased their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research report on Friday, September 12th. Oppenheimer decreased their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Finally, Barclays boosted their price objective on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $359.91 on Friday. The stock has a market cap of $150.66 billion, a PE ratio of 22.42, a PEG ratio of 1.60 and a beta of 1.49. The company’s fifty day moving average is $351.70 and its 200 day moving average is $368.98. Adobe has a 52 week low of $327.50 and a 52 week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts anticipate that Adobe will post 16.65 earnings per share for the current year.

Institutional Investors Weigh In On Adobe

A number of large investors have recently modified their holdings of ADBE. Evergreen Capital Management LLC boosted its stake in Adobe by 5.9% during the third quarter. Evergreen Capital Management LLC now owns 9,166 shares of the software company’s stock worth $3,233,000 after acquiring an additional 511 shares in the last quarter. YCG LLC boosted its stake in Adobe by 2.0% during the third quarter. YCG LLC now owns 45,924 shares of the software company’s stock worth $16,200,000 after acquiring an additional 904 shares in the last quarter. Fulcrum Capital LLC boosted its stake in Adobe by 4.6% during the third quarter. Fulcrum Capital LLC now owns 36,296 shares of the software company’s stock worth $12,803,000 after acquiring an additional 1,604 shares in the last quarter. Arlington Trust Co LLC boosted its stake in Adobe by 3.0% during the third quarter. Arlington Trust Co LLC now owns 2,189 shares of the software company’s stock worth $772,000 after acquiring an additional 64 shares in the last quarter. Finally, Arlington Partners LLC boosted its stake in Adobe by 23.2% during the third quarter. Arlington Partners LLC now owns 13,863 shares of the software company’s stock worth $4,890,000 after acquiring an additional 2,611 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

About Adobe

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.