Brokerages Set Adobe Inc. (NASDAQ:ADBE) Price Target at $275.00

Adobe Inc. (NASDAQ:ADBE) has been given a consensus recommendation of “Hold” by the thirty-four research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $275.00.

A number of research firms have recently issued reports on ADBE. KeyCorp dropped their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Bank of America restated an “underperform” rating and set a $190.00 target price on shares of Adobe in a report on Tuesday, July 7th. Sanford C. Bernstein dropped their target price on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research report on Friday, June 12th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, TD Cowen reduced their price target on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, June 8th.

Adobe Stock Performance

ADBE stock opened at $237.25 on Monday. Adobe has a 1-year low of $190.12 and a 1-year high of $376.16. The business has a 50-day moving average price of $228.58 and a 200 day moving average price of $255.50. The company has a market capitalization of $94.31 billion, a P/E ratio of 13.57, a PEG ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the business earned $5.06 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, equities research analysts forecast that Adobe will post 19.81 EPS for the current fiscal year.

Adobe announced that its board has authorized a share repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multiple reports highlight Adobe’s attractive valuation, with some investors viewing the selloff as creating a buying opportunity and even raising the possibility that the company could become a takeover target. Is Adobe (ADBE) a Takeover Target? Rumors Are Swirling
• Positive Sentiment: Adobe was compared favorably with Autodesk on revenue trends, with Adobe showing larger scale and consistent quarter-over-quarter growth over the last eight quarters, which supports the case for durable business momentum. Adobe vs. Autodesk: What Revenue Trends Reveal About These Software Stocks
• Positive Sentiment: Several pieces frame Adobe as a potential beneficiary of the market’s reassessment of software stocks, arguing that AI is pressuring recurring-revenue models but that strong companies like Adobe are adapting and may emerge as relative winners. How to Find the Bargains in the Software Stock Wreckage
• Positive Sentiment: Commentary on Adobe’s “compelling valuation” and “generational buying opportunity” suggests investors are increasingly seeing the stock as undervalued despite intensifying competition. Adobe: Compelling Valuation Even Amid Intensifying Competition
• Positive Sentiment: Broader software-sector analysis also points to Adobe as having real competitive moats that AI may not easily replace, reinforcing confidence in the company’s long-term positioning. Alpha Buying: The Real Moats AI Can’t Replace
• Neutral Sentiment: Additional coverage on e-commerce and digital media trends mentions Adobe’s AI-related efforts, including its acquisition of Rephrase.AI, but the article is more about industry innovation than a direct catalyst for the stock. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Negative Sentiment: One article noted that an open-source browser-based PDF toolkit can replace Adobe Acrobat, highlighting ongoing competitive pressure in one of Adobe’s core product areas. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Insider Buying and Selling

In other news, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Adobe

A number of institutional investors have recently made changes to their positions in ADBE. Regent Peak Wealth Advisors LLC grew its stake in Adobe by 32.8% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,130 shares of the software company’s stock worth $232,000 after buying an additional 279 shares during the last quarter. Tema ETFs LLC raised its stake in Adobe by 20.7% in the second quarter. Tema ETFs LLC now owns 8,198 shares of the software company’s stock valued at $1,681,000 after buying an additional 1,407 shares during the last quarter. Haven Capital Group Inc. boosted its holdings in Adobe by 77.8% in the second quarter. Haven Capital Group Inc. now owns 11,398 shares of the software company’s stock worth $2,337,000 after acquiring an additional 4,988 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Adobe in the second quarter worth about $201,000. Finally, Peoples Bank KS grew its stake in shares of Adobe by 9.9% during the second quarter. Peoples Bank KS now owns 2,150 shares of the software company’s stock worth $441,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

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.