Wells Fargo & Company Lowers Adobe (NASDAQ:ADBE) Price Target to $405.00

Adobe (NASDAQ:ADBE) had its target price dropped by equities researchers at Wells Fargo & Company from $420.00 to $405.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the software company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 44.95% from the company’s previous close.

A number of other equities analysts have also commented on ADBE. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a research note on Thursday, December 11th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen lowered their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Piper Sandler reaffirmed a “neutral” rating on shares of Adobe in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $386.08.

Adobe Stock Down 1.5%

Shares of Adobe stock traded down $4.21 on Monday, hitting $279.41. 1,226,262 shares of the company traded hands, compared to its average volume of 5,449,542. The company has a 50-day moving average price of $291.65 and a 200 day moving average price of $325.86. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe has a 12-month low of $244.28 and a 12-month high of $444.54. The company has a market cap of $114.70 billion, a PE ratio of 16.72, a PEG ratio of 1.12 and a beta of 1.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts predict that Adobe will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of Adobe 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 sale, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Adobe

Several hedge funds have recently modified their holdings of the company. Union Savings Bank bought a new position in shares of Adobe in the fourth quarter worth about $280,000. AG Campbell Advisory LLC bought a new stake in shares of Adobe during the fourth quarter valued at approximately $513,000. Rehmann Capital Advisory Group increased its holdings in shares of Adobe by 9.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,211 shares of the software company’s stock valued at $2,176,000 after purchasing an additional 560 shares in the last quarter. Financial Avengers Inc. boosted its position in Adobe by 0.7% in the 4th quarter. Financial Avengers Inc. now owns 8,392 shares of the software company’s stock valued at $2,937,000 after buying an additional 57 shares during the last quarter. Finally, Midway Capital Research & Management acquired a new stake in shares of Adobe in the 4th quarter valued at $1,672,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe expanded its multi‑year partnership with Major League Baseball to deliver AI‑driven, personalized digital fan experiences — a win for Adobe’s Experience Cloud and Firefly AI positioning that supports subscription and services growth. Adobe and Major League Baseball Expand Partnership
• Positive Sentiment: Investor Michael Burry has built a significant new position in ADBE, and other funds appear to be buying into Adobe’s AI transition — a vote of confidence that can attract momentum buyers and support the stock. Michael Burry Backs Adobe
• Neutral Sentiment: Adobe is entering a high‑visibility earnings week (Q1 FY2026 report due March 12). Analysts’ previews and consensus EPS/revenue expectations are keeping volatility high — results and guidance will likely drive the next directional move. Adobe Is About to Report Q1 Earnings
• Neutral Sentiment: Market commentary and calendar pieces flag macro risks (inflation data, oil price moves) and multiple tech earnings this week, conditions that can amplify swings in Adobe stock around the print. Oracle, Adobe Earnings and Inflation Data
• Negative Sentiment: Citigroup cut its price target on ADBE to $315, signaling more cautious near‑term expectations from at least one large sell‑side shop and putting pressure on valuation narratives. Citigroup Cuts Adobe Price Target
• Negative Sentiment: Reports of a substantial sale of Adobe shares by Sen. John Boozman were published, which can be interpreted negatively by traders even if the sale is non‑company insider activity. Sen. John Boozman Sells Off Shares
• Negative Sentiment: Coverage notes Adobe faces a critical Q1 earnings test after a sizable YTD share decline; disappointing results or conservative guidance could reverse recent gains. Adobe Faces Critical Q1 Earnings Test

About Adobe

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.