Adobe (NASDAQ:ADBE) Trading 2.2% Higher – What’s Next?

Adobe Inc. (NASDAQ:ADBE) traded up 2.2% on Friday . The company traded as high as $361.89 and last traded at $361.35. 772,103 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 3,760,014 shares. The stock had previously closed at $353.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Phillip Securities raised shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Monday, June 23rd. Mizuho dropped their price target on shares of Adobe from $575.00 to $530.00 and set an “outperform” rating for the company in a research note on Friday, June 13th. Bank of America boosted their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Finally, Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adobe presently has an average rating of “Moderate Buy” and an average target price of $467.58.

Adobe Stock Performance

The stock has a market cap of $153.60 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.72 and a beta of 1.51. The stock’s fifty day moving average is $366.57 and its 200-day moving average is $389.64. 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 (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stance Capital LLC acquired a new position in shares of Adobe in the second quarter valued at approximately $1,272,000. Cim Investment Management Inc. boosted its holdings in shares of Adobe by 99.7% in the second quarter. Cim Investment Management Inc. now owns 7,438 shares of the software company’s stock valued at $3,093,000 after buying an additional 3,713 shares during the period. North Dallas Bank & Trust Co. acquired a new position in shares of Adobe in the second quarter valued at approximately $1,654,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Adobe in the second quarter valued at approximately $1,982,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of Adobe by 29.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,348 shares of the software company’s stock valued at $522,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

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.