Adobe (NASDAQ:ADBE) Stock Rating Upgraded by CLSA

Posted by Geri Gentry on Jul 21st, 2026

Adobe (NASDAQ:ADBE – Get Free Report) was upgraded by CLSA to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on ADBE. BTIG Research initiated coverage on shares of Adobe in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Royal Bank Of Canada decreased their price objective on Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Summit Redstone set a $350.00 target price on Adobe in a research report on Friday, April 17th. William Blair lowered Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Finally, Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $271.30.

Check Out Our Latest Research Report on Adobe

Adobe Stock Down 1.1%

ADBE opened at $234.74 on Monday. The firm has a market cap of $93.31 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day simple moving average is $228.35 and its 200-day simple moving average is $254.68. Adobe has a twelve month low of $190.12 and a twelve month high of $376.16.

Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts anticipate that Adobe will post 19.81 EPS for the current fiscal year.

Adobe announced that its board has approved a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Adobe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC grew its position in shares of Adobe by 32.8% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,130 shares of the software company’s stock worth $232,000 after buying an additional 279 shares during the period. Tema ETFs LLC raised its position in shares of Adobe by 20.7% in the 2nd quarter. Tema ETFs LLC now owns 8,198 shares of the software company’s stock valued at $1,681,000 after acquiring an additional 1,407 shares during the period. Haven Capital Group Inc. raised its position in shares of Adobe by 77.8% in the 2nd quarter. Haven Capital Group Inc. now owns 11,398 shares of the software company’s stock valued at $2,337,000 after acquiring an additional 4,988 shares during the period. Fiduciary Financial Group LLC bought a new position in Adobe during the 2nd quarter worth approximately $201,000. Finally, Peoples Bank KS boosted its stake in Adobe by 9.9% during the 2nd quarter. Peoples Bank KS now owns 2,150 shares of the software company’s stock worth $441,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe is adding new AI-powered features to its experimental Project Indigo camera app, including LLM-based photo critiques and editing suggestions, reinforcing the company’s AI product momentum and showing continued innovation in consumer-facing tools. Adobe camera app’s new feature will critique your photos using AI
Positive Sentiment: Adobe was highlighted as a strong value stock in a Zacks screen, which may support investor confidence by reinforcing the stock’s valuation appeal after its pullback. Here’s Why Adobe Systems (ADBE) is a Strong Value Stock
Neutral Sentiment: Recent coverage placing Adobe among top digital media stocks to watch does not point to a new catalyst, but it keeps the name on investors’ radar. Top Digital Media Stocks To Watch Today – July 17th
Neutral Sentiment: Adobe’s stock was noted as dipping more than the broader market in the latest session, suggesting the decline was modest and may have been driven by general trading weakness rather than company-specific bad news. Why Adobe Systems (ADBE) Dipped More Than Broader Market Today
Negative Sentiment: Adobe CEO Shantanu Narayen sold 4,112 shares for about $923,000, a move some investors may view as a mild negative signal even though it represented only a small reduction in his overall stake. Here’s What the Adobe CEO’s Sale of Company Shares for Over $900,000 Means for Investors.

Adobe Company Profile

(Get Free Report)

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.