<div id="readability-page-1"><p><span>Adobe (NASDAQ:ADBE - Get Free Report)</span> had its target price cut by research analysts at Royal Bank of Canada  from $530.00 to $480.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an &#34;outperform&#34; rating on the software company's stock. Royal Bank of Canada's price target would indicate a potential upside of 34.63% from the stock's previous close.</p><ul><li>MarketBeat Week in Review – 03/17 - 03/21</li></ul><p>Several other research firms have also recently weighed in on ADBE. Evercore ISI cut their price target on shares of Adobe from $650.00 to $550.00 and set an &#34;outperform&#34; rating on the stock in a report on Thursday, March 13th. Bank of America cut their target price on shares of Adobe from $605.00 to $528.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, March 13th. Wells Fargo &amp; Company reduced their price target on shares of Adobe from $640.00 to $600.00 and set an &#34;overweight&#34; rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus lowered their price objective on shares of Adobe from $600.00 to $525.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, March 13th. Finally, Jefferies Financial Group reduced their target price on Adobe from $650.00 to $590.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, March 31st. Eleven equities research analysts have rated the stock with a hold rating, seventeen have issued  a buy rating and one  has issued  a strong buy rating to the company's stock. Based on data from MarketBeat.com, Adobe presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $525.19.</p><p><b>Get Our Latest Stock Report on Adobe</b></p><h2>Adobe Trading Up 1.2 %</h2><ul><li>5 Reasons Oracle Is Undervalued and Ready to Rebound</li></ul><p>Shares of NASDAQ:ADBE traded up $4.07 during midday trading on Monday, hitting $356.54. 637,352 shares of the stock traded hands, compared to its average volume of 3,388,808. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $413.00 and its two-hundred day moving average is $455.28. The stock has a market capitalization of $151.96 billion, a PE ratio of 28.75, a P/E/G ratio of 2.15 and a beta of 1.49. Adobe has a one year low of $332.01 and a one year high of $587.75. </p><p>Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.11. The business had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.66 billion. Adobe had a return on equity of 45.87% and a net margin of 25.85%. During the same quarter in the prior year, the company posted $4.48 EPS.  As a group, research analysts forecast that  Adobe will post 16.65 earnings per share for the current year. </p><h2>Insider Buying and Selling at Adobe</h2><ul><li>Adobe Earnings Are In: Should You Buy, Sell, or Hold Now?</li></ul><p>In other news, EVP Scott Belsky sold 3,819 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $430.24, for a total value of $1,643,086.56. Following the completion of the sale, the executive vice president now directly owns 18,334 shares in the company, valued at $7,888,020.16. This represents a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jillian Forusz sold 334 shares of Adobe stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $435.83, for a total value of $145,567.22. Following the transaction, the chief accounting officer now owns 2,685 shares in the company, valued at $1,170,203.55. This trade represents a 11.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,075 shares of company stock worth $2,191,826 in the last three months. 0.16% of the stock is currently owned by company insiders. </p><h2>Institutional Investors Weigh In On Adobe</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH raised its position in shares of  Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after purchasing an additional 39,888 shares during the period.  SWAN Capital LLC purchased a new stake in  Adobe in the 4th quarter worth $28,000.  Copia Wealth Management bought a new stake in  Adobe during the fourth quarter valued at about $28,000.  Decker Retirement Planning Inc. purchased a new position in shares of  Adobe in the fourth quarter valued at about $31,000.  Finally, Summit Securities Group LLC bought a new position in shares of  Adobe in the fourth quarter worth about $31,000. Institutional investors own  81.79% of the company's stock. </p><h2>Adobe Company Profile</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 Articles</h2><ul><li>Five stocks we like better than Adobe</li><li>Uptrend Stocks Explained: Learn How to Trade Using Uptrends</li><li>3 High-Yield Dividend Stocks Trading at a Discount</li><li>How to Buy Cheap Stocks Step by Step</li><li>Don’t Fear, New Highs for Fastenal Will Soon Be Here</li><li>What Are the FAANG Stocks and Are They Good Investments?</li><li>5 Winning Plays Outperforming the S&amp;P This Year</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. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Royal Bank of Canada has lowered its price target for Adobe (NASDAQ: ADBE) from $530.00 to $480.00, maintaining an "outperform" rating. This new target suggests a potential upside of 34.63% from the stock's previous close. Other firms have also adjusted their price targets for Adobe, with an average target of $525.19 and a consensus rating of "Moderate Buy". Adobe's stock recently traded at $356.54, reflecting a 1.2% increase during midday trading.</p>

- Royal Bank of Canada has reduced Adobe's target price from $530.00 to $480.00, maintaining an "outperform" rating, indicating a potential upside of 34.63%.  
- Several other firms have also lowered their price targets, with an average target of $525.19 and a consensus rating of "Moderate Buy."  
- Adobe's recent quarterly earnings showed an EPS of $5.08, surpassing estimates, with a revenue of $5.71 billion, reflecting strong financial performance.

Adobe (NASDAQ:ADBE) Given New $480.00 Price Target at Royal Bank of Canada