What is DA Davidson’s Forecast for Adobe FY2025 Earnings?

Adobe Inc. (NASDAQ:ADBE) – Stock analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Adobe in a research report issued to clients and investors on Thursday, March 13th. DA Davidson analyst G. Luria now forecasts that the software company will post earnings of $16.65 per share for the year, up from their previous forecast of $16.61. DA Davidson has a “Buy” rating and a $625.00 price target on the stock. The consensus estimate for Adobe’s current full-year earnings is $16.65 per share.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, March 12th. The software company reported $5.08 EPS for the quarter, beating the consensus estimate of $4.97 by $0.11. Adobe had a net margin of 25.85% and a return on equity of 45.87%. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the prior year, the company posted $4.48 earnings per share.

A number of other research firms also recently commented on ADBE. BMO Capital Markets dropped their price target on Adobe from $515.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. UBS Group dropped their target price on shares of Adobe from $475.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Thursday, December 12th. Sanford C. Bernstein lowered their price objective on shares of Adobe from $644.00 to $587.00 and set an “outperform” rating for the company in a research report on Thursday, December 12th. Finally, Evercore ISI reduced their target price on Adobe from $650.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.60.

Adobe Price Performance

Adobe stock opened at $399.34 on Monday. The firm has a market cap of $173.88 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $436.39 and its two-hundred day moving average price is $480.30. Adobe has a one year low of $374.50 and a one year high of $587.75.

Insider Buying and Selling

In related news, EVP Scott Belsky sold 3,819 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $430.24, for a total value of $1,643,086.56. Following the transaction, the executive vice president now owns 18,334 shares of the company’s stock, valued at approximately $7,888,020.16. This trade represents a 17.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 334 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $435.83, for a total value of $145,567.22. Following the completion of the sale, the chief accounting officer now directly owns 2,685 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 5,075 shares of company stock valued at $2,191,826. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adobe

Institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in shares of Adobe in the 3rd quarter worth $26,000. MidAtlantic Capital Management Inc. bought a new stake in Adobe in the 3rd quarter worth about $30,000. True Wealth Design LLC grew its position in Adobe by 141.7% in the 3rd quarter. True Wealth Design LLC now owns 58 shares of the software company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Copia Wealth Management purchased a new stake in Adobe in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC bought a new position in shares of Adobe during the 4th quarter worth approximately $28,000. Institutional investors own 81.79% of the company’s stock.

About Adobe

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.