Research Analysts’ Recent Ratings Updates for Adobe (ADBE)

A number of firms have modified their ratings and price targets on shares of Adobe (NASDAQ: ADBE) recently:

• 3/31/2025 – Adobe had its price target lowered by analysts at Jefferies Financial Group Inc. from $650.00 to $590.00. They now have a “buy” rating on the stock.
• 3/21/2025 – Adobe was upgraded by analysts at KeyCorp from an “underweight” rating to a “sector weight” rating.
• 3/19/2025 – Adobe was given a new $410.00 price target on by analysts at Summit Redstone.
• 3/19/2025 – Adobe had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $530.00 price target on the stock.
• 3/19/2025 – Adobe had its price target lowered by analysts at Robert W. Baird from $490.00 to $410.00. They now have a “neutral” rating on the stock.
• 3/13/2025 – Adobe was given a new $495.00 price target on by analysts at UBS Group AG.
• 3/13/2025 – Adobe had its price target lowered by analysts at KeyCorp from $450.00 to $390.00. They now have an “underweight” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at JPMorgan Chase & Co. from $580.00 to $540.00. They now have an “overweight” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Morgan Stanley from $660.00 to $600.00. They now have an “overweight” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Royal Bank of Canada from $550.00 to $530.00. They now have an “outperform” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Evercore ISI from $650.00 to $550.00. They now have an “outperform” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Mizuho from $620.00 to $575.00. They now have an “outperform” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at BMO Capital Markets from $515.00 to $495.00. They now have an “outperform” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Oppenheimer Holdings Inc. from $560.00 to $530.00. They now have an “outperform” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at UBS Group AG from $475.00 to $460.00. They now have a “neutral” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Robert W. Baird from $500.00 to $490.00. They now have a “neutral” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Stifel Nicolaus from $600.00 to $525.00. They now have a “buy” rating on the stock.
• 3/13/2025 – Adobe had its price target lowered by analysts at Bank of America Co. from $605.00 to $528.00. They now have a “buy” rating on the stock.
• 3/10/2025 – Adobe had its price target lowered by analysts at Citigroup Inc. from $551.00 to $490.00. They now have a “neutral” rating on the stock.
• 3/7/2025 – Adobe had its price target lowered by analysts at Wells Fargo & Company from $640.00 to $600.00. They now have an “overweight” rating on the stock.
• 3/7/2025 – Adobe had its price target lowered by analysts at Royal Bank of Canada from $590.00 to $550.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Adobe was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 2/20/2025 – Adobe was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 2/19/2025 – Adobe had its price target lowered by analysts at BMO Capital Markets from $570.00 to $515.00. They now have an “outperform” rating on the stock.
• 2/19/2025 – Adobe is now covered by analysts at Redburn Atlantic. They set a “neutral” rating on the stock.
• 2/13/2025 – Adobe had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $590.00 price target on the stock.

Adobe Stock Down 4.8 %

Shares of ADBE stock traded down $18.53 during mid-day trading on Thursday, hitting $367.25. 5,319,125 shares of the stock traded hands, compared to its average volume of 3,336,664. Adobe Inc. has a 52-week low of $365.86 and a 52-week high of $587.75. The stock has a market cap of $156.52 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.15 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average is $428.78 and its two-hundred day moving average is $465.84.

Adobe (NASDAQ:ADBE) last posted its earnings results on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.11. Adobe had a net margin of 25.85% and a return on equity of 45.87%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the prior year, the company posted $4.48 earnings per share. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Insider Transactions at Adobe

In other Adobe news, EVP Scott Belsky sold 3,819 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $430.24, for a total value of $1,643,086.56. Following the completion of the sale, the executive vice president now directly owns 18,334 shares in the company, valued at approximately $7,888,020.16. This trade represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Ricks purchased 2,250 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of $443.98 per share, for a total transaction of $998,955.00. Following the purchase, the director now directly owns 4,984 shares of the company’s stock, valued at approximately $2,212,796.32. The trade was a 82.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 5,075 shares of company stock valued at $2,191,826 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. United Bank raised its stake in shares of Adobe by 19.7% in the third quarter. United Bank now owns 2,596 shares of the software company’s stock worth $1,344,000 after purchasing an additional 428 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Adobe in the 3rd quarter worth approximately $719,000. Benjamin Edwards Inc. raised its position in Adobe by 1,124.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 9,135 shares of the software company’s stock worth $4,730,000 after buying an additional 8,389 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Adobe by 201.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 117,383 shares of the software company’s stock valued at $60,779,000 after acquiring an additional 78,384 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Adobe by 9.0% in the 3rd quarter. IHT Wealth Management LLC now owns 4,907 shares of the software company’s stock valued at $2,531,000 after acquiring an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

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.