Adobe (NASDAQ:ADBE) Price Target Lowered to $450.00 at DA Davidson

Adobe (NASDAQ:ADBE - Get Free Report) had its target price dropped by equities researchers at DA Davidson from $600.00 to $450.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the software company's stock. DA Davidson's price target indicates a potential upside of 29.01% from the company's current price. DA Davidson also issued estimates for Adobe's Q2 2025 earnings at $4.00 EPS, FY2025 earnings at $16.52 EPS and FY2026 earnings at $18.79 EPS.

ADBE has been the topic of several other reports. Stifel Nicolaus cut their price objective on shares of Adobe from $600.00 to $525.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. BMO Capital Markets decreased their price target on shares of Adobe from $515.00 to $495.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Evercore ISI lowered their price objective on shares of Adobe from $650.00 to $550.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Oppenheimer cut their target price on Adobe from $560.00 to $530.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Finally, KeyCorp raised Adobe from an "underweight" rating to a "sector weight" rating in a research report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $513.27.

Adobe Price Performance

Shares of Adobe stock traded up $4.61 during trading on Monday, hitting $348.80. 5,206,364 shares of the company were exchanged, compared to its average volume of 3,418,457. Adobe has a fifty-two week low of $332.01 and a fifty-two week high of $587.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $403.54 and a 200 day moving average price of $450.43. The stock has a market capitalization of $148.66 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 2.15 and a beta of 1.49.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The software company reported $5.08 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.11. The company had revenue of $5.71 billion during the quarter, compared to analysts' expectations of $5.66 billion. Adobe had a return on equity of 45.87% and a net margin of 25.85%. During the same period in the previous year, the firm posted $4.48 earnings per share. On average, equities analysts expect that Adobe will post 16.65 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other news, EVP Scott Belsky sold 922 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $437.28, for a total transaction of $403,172.16. Following the completion of the transaction, the executive vice president now directly owns 22,153 shares of the company's stock, valued at approximately $9,687,063.84. This represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel Durn purchased 1,300 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $390.58 per share, for a total transaction of $507,754.00. Following the acquisition, the chief financial officer now owns 29,876 shares in the company, valued at approximately $11,668,968.08. The trade was a 4.55 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,075 shares of company stock worth $2,191,826. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adobe

Several large investors have recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in Adobe during the 4th quarter valued at about $28,000. SWAN Capital LLC acquired a new position in shares of Adobe during the fourth quarter worth approximately $28,000. Decker Retirement Planning Inc. acquired a new stake in Adobe in the 4th quarter valued at approximately $31,000. Summit Securities Group LLC bought a new stake in Adobe during the 4th quarter valued at $31,000. Finally, Caitlin John LLC grew its stake in shares of Adobe by 171.4% in the fourth quarter. Caitlin John LLC now owns 76 shares of the software company's stock worth $34,000 after purchasing an additional 48 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

About Adobe

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.