Adobe Inc. (NASDAQ:ADBE) Given Average Recommendation of “Hold” by Analysts

Adobe Inc. (NASDAQ:ADBE) has been assigned an average rating of “Hold” from the thirty-one research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $278.16.

A number of equities analysts have commented on the stock. BTIG Research assumed coverage on shares of Adobe in a report on Monday, April 13th. They issued a “neutral” rating for the company. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. William Blair downgraded shares of Adobe from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Finally, TD Cowen reduced their target price on shares of Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adobe

Hedge funds have recently modified their holdings of the stock. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Adobe during the third quarter valued at about $27,000. Caitlin John LLC acquired a new position in shares of Adobe during the third quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Adobe during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced Adobe Brand Visibility and new GenStudio for Commerce Media Networks tools, aimed at helping companies stay visible, trusted, and on-brand across AI-driven search and shopping surfaces. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, reinforcing Adobe’s role in AI education and enterprise workflow adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Multiple commentary pieces highlighted Adobe as a potentially undervalued software name after the selloff, suggesting some investors see the pullback as a buying opportunity. Microsoft vs. Adobe: Which High ROIC Software Stock is the Best Buy-the-Dip Target?
• Neutral Sentiment: Adobe executives discussed how AI is changing brand discovery and online visibility, which supports the company’s AI narrative but does not yet translate into immediate financial results. How AI is Changing the Branding Game: Integrating AI Optimization & Trust
• Negative Sentiment: Investor sentiment remains weak after reports about the surprise departure of Adobe’s CFO and broader concerns about slowing spend and softer AI credit demand. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.
• Negative Sentiment: Jim Cramer struck a bearish tone on Adobe, pointing to the CEO resignation and CFO change as reasons he does not want investors in the stock right now. Jim Cramer on Adobe: “I Don’t Want You in It”

Adobe Stock Down 5.3%

NASDAQ:ADBE opened at $196.28 on Thursday. Adobe has a 1-year low of $195.02 and a 1-year high of $392.58. The company has a 50-day moving average of $242.14 and a 200 day moving average of $275.90. The firm has a market cap of $78.02 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.06 earnings per share. 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, research analysts anticipate that Adobe will post 19.79 EPS for the current fiscal year.

Adobe declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.