KeyCorp Comments on Adobe’s Q1 Earnings (NASDAQ:ADBE)

Adobe Inc. (NASDAQ:ADBE) – KeyCorp issued their Q1 2027 earnings per share (EPS) estimates for Adobe in a note issued to investors on Thursday, September 10th. KeyCorp analyst J. Ader forecasts that the software company will post earnings of $5.60 per share for the quarter. KeyCorp has a “Underweight” rating and a $195.00 price objective on the stock. The consensus estimate for Adobe’s current full-year earnings is $19.83 per share. KeyCorp also issued estimates for Adobe’s Q2 2027 earnings at $5.60 EPS, Q3 2027 earnings at $5.76 EPS and Q4 2027 earnings at $5.69 EPS.

Several other research analysts have also weighed in on ADBE. Evercore set a $250.00 price objective on Adobe in a research report on Friday. Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Jefferies Financial Group reduced their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company raised their price objective on Adobe from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $282.68.

Adobe Stock Up 5.3%

Adobe stock opened at $265.60 on Tuesday. Adobe has a 52-week low of $190.12 and a 52-week high of $370.86. The firm has a 50 day moving average price of $254.49 and a two-hundred day moving average price of $245.70. The firm has a market cap of $105.58 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS.

Hedge Funds Weigh In On Adobe

Institutional investors have recently added to or reduced their stakes in the business. U S Wealth Group LLC. grew its position in Adobe by 98.2% during the second quarter. U S Wealth Group LLC. now owns 12,841 shares of the software company’s stock valued at $2,633,000 after acquiring an additional 6,361 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in Adobe during the 2nd quarter valued at about $240,000. MCF Advisors LLC grew its position in Adobe by 65.3% during the 2nd quarter. MCF Advisors LLC now owns 443 shares of the software company’s stock worth $91,000 after acquiring an additional 175 shares during the last quarter. Archford Capital Strategies LLC bought a new stake in Adobe in the second quarter valued at approximately $3,370,000. Finally, National Pension Service grew its holdings in shares of Adobe by 3.4% in the second quarter. National Pension Service now owns 1,199,301 shares of the software company’s stock worth $245,881,000 after purchasing an additional 39,854 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

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 stock was bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Software-sector rotation supported the stock. Investors moved capital out of semiconductor and AI-hardware companies after comments suggesting that the pace of frontier-AI development could slow. That shift eased concerns that generative AI would quickly make incumbent software vendors obsolete and helped lift Adobe and other enterprise-software stocks. AI Stocks Fell, but Workday and Adobe Jumped
• Positive Sentiment: AI-related revenue is beginning to show up in results. Adobe reported fiscal Q3 revenue of $6.76 billion, up 13% year over year, and non-GAAP earnings per share of $6.13, both ahead of analyst expectations. AI-first annualized recurring revenue reportedly exceeded $650 million and grew more than 150%, giving investors evidence that Adobe’s AI investments are contributing to sales. Adobe’s AI Bet Is Finally Showing Up In Revenue
• Positive Sentiment: Valuation and analyst support added to the rebound. DA Davidson raised its price target from $250 to $290 and maintained a buy rating. Several bullish commentaries argue that Adobe’s depressed valuation already reflects severe AI-disruption risks, while management’s raised fiscal 2026 guidance helped reduce worst-case concerns. Is Adobe Stock a Buy Right Now in September?
• Neutral Sentiment: Adobe expanded its free AI offering. Student Spaces in Acrobat is now globally available at no cost and includes AI-powered flashcards, citations, summaries, note digitization and interview preparation. The launch may improve adoption and user engagement, but its near-term revenue impact is uncertain. Student Spaces in Acrobat
• Negative Sentiment: Monetization concerns continue to limit investor conviction. Analysts remain divided because freemium adoption and user growth have not yet clearly translated into enough new annual recurring revenue. Adobe also deferred detailed 2027 guidance, while competition and the decision to reduce upfront paywalls could pressure near-term revenue and margins. Analysts Are Punting Their Calls Into the Next Quarter

About Adobe

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.