DA Davidson Reiterates “Buy” Rating for Adobe (NASDAQ:ADBE)

Adobe (NASDAQ:ADBE)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They currently have a $500.00 target price on the software company’s stock. DA Davidson’s price objective indicates a potential upside of 40.28% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Piper Sandler reduced their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. UBS Group reissued a “neutral” rating and set a $375.00 price target on shares of Adobe in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Citigroup cut their price objective on shares of Adobe from $400.00 to $366.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Finally, JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $413.19.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $356.43 on Thursday. The company has a market cap of $149.20 billion, a PE ratio of 21.33, a P/E/G ratio of 1.29 and a beta of 1.54. Adobe has a fifty-two week low of $311.58 and a fifty-two week high of $474.91. The firm has a 50-day simple moving average of $336.07 and a 200 day simple moving average of $357.87. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued 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. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. Adobe’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $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. On average, sell-side analysts anticipate that Adobe will post 16.65 EPS for the current year.

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe 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. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. 1248 Management LLC bought a new stake in Adobe during the first quarter worth approximately $25,000. LSV Asset Management lifted its stake in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after buying an additional 56 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Adobe in the 1st quarter valued at $29,000. Finally, Caitlin John LLC bought a new position in Adobe in the 3rd quarter worth $28,000. Hedge funds and other institutional investors 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.