Royal Bank Of Canada Lowers Adobe (NASDAQ:ADBE) Price Target to $430.00

Adobe (NASDAQ:ADBE - Get Free Report) had its target price lowered by investment analysts at Royal Bank Of Canada from $480.00 to $430.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the software company's stock. Royal Bank Of Canada's price target points to a potential upside of 21.52% from the stock's current price.

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ADBE has been the topic of several other research reports. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Wells Fargo & Company reissued an "overweight" rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Bank of America increased their target price on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. JMP Securities reissued a "market perform" rating on shares of Adobe in a research report on Monday, June 23rd. Finally, Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe has a consensus rating of "Moderate Buy" and a consensus price target of $448.22.

Check Out Our Latest Stock Report on ADBE

Adobe Stock Up 1.4%

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NASDAQ:ADBE traded up $4.89 on Monday, hitting $353.86. The stock had a trading volume of 1,555,113 shares, compared to its average volume of 3,748,626. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe has a 52 week low of $330.04 and a 52 week high of $587.75. The business's fifty day moving average is $360.40 and its 200 day moving average is $382.10. The company has a market cap of $150.11 billion, a PE ratio of 22.69, a P/E/G ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.Adobe's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities research analysts expect that Adobe will post 16.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Adobe

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A number of hedge funds have recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH increased its stake in shares of Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after buying an additional 39,888 shares during the period. 1248 Management LLC purchased a new position in shares of Adobe during the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the first quarter worth about $26,000. SWAN Capital LLC purchased a new position in shares of Adobe during the 4th quarter worth approximately $28,000. Finally, Copia Wealth Management bought a new stake in shares of Adobe during the fourth quarter valued at approximately $28,000. 81.79% of the stock is currently owned by institutional investors.

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.

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