<div id="readability-page-1"><p><span>Adobe (NASDAQ:ADBE - Get Free Report)</span> had its price objective hoisted by equities researchers at Stifel Nicolaus from $600.00 to $650.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a &#34;buy&#34; rating on the software company's stock. Stifel Nicolaus' price target points to a potential upside of 15.75% from the company's previous close.</p><ul><li>Are Tech Stocks Making a Comeback? 3 Top Picks Leading the Way </li></ul><p>A number of other research firms have also recently commented on ADBE. Royal Bank of Canada reissued an &#34;outperform&#34; rating and issued a $600.00 price target on shares of Adobe in a report on Thursday, August 1st. Sanford C. Bernstein boosted their price target on Adobe from $653.00 to $660.00 and gave the stock an &#34;outperform&#34; rating in a report on Monday, June 17th. JPMorgan Chase &amp; Co. raised Adobe from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating and boosted their price target for the stock from $570.00 to $580.00 in a report on Friday, June 14th. Melius cut Adobe from a &#34;buy&#34; rating to a &#34;hold&#34; rating and set a $510.00 price target on the stock. in a report on Monday, June 10th. Finally, JMP Securities reaffirmed a &#34;market perform&#34; rating on shares of Adobe in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $605.52.</p><p><b>Check Out Our Latest Stock Analysis on Adobe</b></p><h2>Adobe Stock Performance</h2><ul><li>3 Recent Stock Buybacks: Adobe, Marathon, and FedEx Lead the Way</li></ul><p>Shares of NASDAQ:ADBE traded down $6.37 during mid-day trading on Friday, reaching $561.56. 531,121 shares of the company traded hands, compared to its average volume of 3,164,869. The company's 50 day moving average price is $553.57 and its 200-day moving average price is $519.26. The firm has a market cap of $249.00 billion, a PE ratio of 50.45, a PEG ratio of 3.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.16 and a quick ratio of 1.16. Adobe has a 52 week low of $433.97 and a 52 week high of $638.25. </p><p>Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, June 13th. The software company reported $4.48 EPS for the quarter, topping analysts' consensus estimates of $4.39 by $0.09. Adobe had a return on equity of 40.67% and a net margin of 24.86%. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.29 billion. During the same period in the previous year, the firm earned $3.04 EPS. The firm's revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Adobe will post 14.69 EPS for the current fiscal year. </p><h2>Insider Buying and Selling at Adobe</h2><ul><li>Adobe Stock Joined the A.I. Upswing with Impressive Gains</li></ul><p>In other Adobe news, CAO Mark S. Garfield sold 264 shares of the company's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $525.51, for a total value of $138,734.64. Following the transaction, the chief accounting officer now owns 2,740 shares of the company's stock, valued at approximately $1,439,897.40. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. In other news, CAO Mark S. Garfield sold 97 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $537.00, for a total transaction of $52,089.00. Following the transaction, the chief accounting officer now owns 2,797 shares of the company's stock, valued at approximately $1,501,989. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this link. Also, CAO Mark S. Garfield sold 264 shares of the firm's stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $525.51, for a total value of $138,734.64. Following the sale, the chief accounting officer now directly owns 2,740 shares in the company, valued at approximately $1,439,897.40. The disclosure for this sale can be found here. Insiders have sold 27,523 shares of company stock valued at $14,994,277 in the last quarter. 0.15% of the stock is owned by insiders. </p><h2>Institutional Investors Weigh In On Adobe</h2><p>Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in Adobe in the fourth quarter valued at about $1,468,000. Concentrum Wealth Management raised its stake in Adobe by 11.3% in the fourth quarter. Concentrum Wealth Management now owns 2,405,622 shares of the software company's stock valued at $1,435,194,000 after buying an additional 244,008 shares during the last quarter. Aveo Capital Partners LLC raised its stake in Adobe by 5.9% in the fourth quarter. Aveo Capital Partners LLC now owns 932 shares of the software company's stock valued at $556,000 after buying an additional 52 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in Adobe by 22.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,561 shares of the software company's stock valued at $2,066,000 after buying an additional 658 shares during the last quarter. Finally, Heritage Investors Management Corp purchased a new stake in Adobe in the fourth quarter valued at about $208,000. Institutional investors own 81.79% of the company's stock. </p><h2>About Adobe</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>Ride Out The Recession With These Dividend Kings </li><li>Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?</li><li>3 Stocks to Consider Buying in October</li><li>Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors</li><li>What is a Special Dividend?</li><li>Why Analysts See Big Upside for Occidental Petroleum Despite Lows</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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ADBE

<p>Stifel Nicolaus has raised its price target on Adobe (NASDAQ:ADBE) to .00 and maintained a "buy" rating, indicating a potential upside of 15.75%. Several other analysts have also recently updated their ratings, with mixed opinions ranging from "outperform" to "hold". Currently, Adobe holds a consensus rating of "Moderate Buy" with an average target price of .52. Adobe's recent performance showed a quarterly EPS of .48, exceeding expectations, while revenue rose 10.2% compared to the previous year.</p>

- Adobe's (NASDAQ:ADBE) price target was raised by Stifel Nicolaus to $650.00, indicating a 15.75% potential upside. Various research firms, including Royal Bank of Canada and JPMorgan Chase & Co., have expressed positive outlooks on Adobe, with a consensus rating of "Moderate Buy" and a target price of $605.52.
- The company's recent financial performance showed an EPS of $4.48, surpassing estimates, with a return on equity of 40.67% and a net margin of 24.86%. Insider transactions, including sales by CAO Mark S. Garfield, have been notable. Institutional investors hold a significant stake of 81.79% in Adobe.
- Adobe operates globally in software, focusing on Digital Media, Digital Experience, and Publishing and Advertising segments. Despite a "Moderate Buy" rating, top analysts recommend other stocks over Adobe for investment opportunities.

Adobe (NASDAQ:ADBE) Price Target Raised to $650.00 at Stifel Nicolaus