Analysts’ Weekly Ratings Updates for Adobe (ADBE)

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

  • 1/11/2019 – Adobe was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/9/2019 – Adobe is now covered by analysts at Atlantic Securities. They set a “neutral” rating and a $250.00 price target on the stock.
  • 1/7/2019 – Adobe was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating. They now have a $262.00 price target on the stock, up previously from $252.00.
  • 12/27/2018 – Adobe was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating. They now have a $260.00 price target on the stock.
  • 12/18/2018 – Adobe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Adobe’s fiscal fourth-quarter revenues were benefited by contributions from Marketo acquisition and strong demand for its creative products. However, higher expenses incurred on acquisitions impacted the bottom line. Nevertheless, Adobe is benefiting from growing subscriptions for its cloud application. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 12/16/2018 – Adobe had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $280.00 price target on the stock. They wrote, “We highlight Adobe ’s on- going strength in Experience Cloud with revenues up 22% (ex-Marketo) vs. our esti- mate of 20% and 25% including Marketo. We reiterate our buy rating and our price target of $280.””
  • 12/14/2018 – Adobe had its price target lowered by analysts at KeyCorp from $286.00 to $282.00. They now have an “overweight” rating on the stock.
  • 12/14/2018 – Adobe had its price target raised by analysts at BMO Capital Markets from $295.00 to $300.00. They now have an “outperform” rating on the stock.
  • 12/14/2018 – Adobe had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $252.00 price target on the stock, down previously from $254.00.
  • 12/14/2018 – Adobe had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $255.00 price target on the stock.
  • 12/14/2018 – Adobe was given a new $315.00 price target on by analysts at Nomura. They now have a “buy” rating on the stock.
  • 12/12/2018 – Adobe was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $275.00 price target on the stock. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 12/11/2018 – Adobe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 12/10/2018 – Adobe had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $300.00 price target on the stock.
  • 12/10/2018 – Adobe had its price target lowered by analysts at Citigroup Inc from $309.00 to $300.00. They now have a “buy” rating on the stock.
  • 12/6/2018 – Adobe was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $286.00 price target on the stock. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 12/3/2018 – Adobe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 11/27/2018 – Adobe was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/27/2018 – Adobe was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $260.00 price target on the stock. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 11/26/2018 – Adobe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs.”
  • 11/20/2018 – Adobe was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/15/2018 – Adobe is now covered by analysts at Nomura. They set a “buy” rating and a $315.00 price target on the stock.

ADBE opened at $237.55 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. Adobe Inc has a 1 year low of $179.34 and a 1 year high of $277.61. The firm has a market capitalization of $114.92 billion, a P/E ratio of 42.80, a PEG ratio of 2.31 and a beta of 1.16.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, December 13th. The software company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). Adobe had a net margin of 28.69% and a return on equity of 31.19%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities research analysts forecast that Adobe Inc will post 6.21 earnings per share for the current fiscal year.

In other Adobe news, EVP Bradley Rencher sold 12,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $245.30, for a total transaction of $2,943,600.00. Following the completion of the transaction, the executive vice president now directly owns 68,071 shares in the company, valued at $16,697,816.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Lewnes sold 2,910 shares of the company’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $261.21, for a total transaction of $760,121.10. Following the transaction, the executive vice president now owns 55,647 shares of the company’s stock, valued at $14,535,552.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,815 shares of company stock valued at $9,925,195. Company insiders own 0.33% of the company’s stock.

Large investors have recently bought and sold shares of the business. Capital Guardian Trust Co. acquired a new position in Adobe during the third quarter worth $102,000. Global Trust Asset Management LLC grew its holdings in shares of Adobe by 105.5% during the fourth quarter. Global Trust Asset Management LLC now owns 409 shares of the software company’s stock worth $93,000 after buying an additional 210 shares in the last quarter. Psagot Investment House Ltd. purchased a new stake in shares of Adobe during the third quarter worth $130,000. JNBA Financial Advisors grew its holdings in shares of Adobe by 4,366.7% during the third quarter. JNBA Financial Advisors now owns 536 shares of the software company’s stock worth $145,000 after buying an additional 524 shares in the last quarter. Finally, Capital Bank & Trust Co grew its holdings in shares of Adobe by 92.8% during the third quarter. Capital Bank & Trust Co now owns 563 shares of the software company’s stock worth $152,000 after buying an additional 271 shares in the last quarter. Institutional investors own 84.60% of the company’s stock.

Adobe Inc operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

Further Reading: How Do You Calculate Return on Investment (ROI)?

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