Adobe (NASDAQ:ADBE) Cut to “Hold” at Wall Street Zen

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

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus decreased their target price on shares of Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. TD Cowen decreased their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Jefferies Financial Group lowered their target price on shares of Adobe from $590.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Piper Sandler dropped their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $417.15.

Adobe Trading Down 0.9%

NASDAQ ADBE opened at $347.89 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $145.63 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.38 and a beta of 1.54. Adobe has a 52-week low of $311.58 and a 52-week high of $465.86. The firm has a 50-day moving average price of $336.08 and a 200 day moving average price of $356.19.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities research analysts expect that Adobe will post 16.65 EPS for the current year.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Institutional Trading of Adobe

A number of large investors have recently made changes to their positions in the stock. Lathrop Investment Management Co. increased its position 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 worth $10,269,000 after acquiring an additional 718 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in shares of Adobe by 2.8% during the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after acquiring an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in Adobe during the 2nd quarter worth $328,000. Bourgeon Capital Management LLC increased its holdings in Adobe by 41.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after purchasing an additional 7,176 shares in the last quarter. Finally, World Investment Advisors raised its position in Adobe by 8.0% in the second quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock valued at $9,361,000 after purchasing an additional 1,794 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Company Profile

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.