Analysts hold a consensus "Hold" rating on Adobe. The average 12-month price target stands at $282.68. This target exceeds its recent share price of $235.47.
Thirty-three research firms contribute to this consensus. Twenty-one firms recommend a hold. Seven firms recommend a buy, and five firms recommend a sell.
Adobe exceeded recent quarterly earnings expectations. It reported earnings of $6.13 per share, against a consensus of $6.08. Adobe guided for fiscal 2026 earnings between $24.45 and $24.50 per share.
Adobe's recurring revenue base reached $27.5 billion in the third quarter. Investors remain concerned about the pace of AI monetization. Competitive pressures also concern investors. Potential pricing challenges from freemium models add to these concerns.