Analysts raise price targets on Adobe after Q3 results
Adobe reported Q3 fiscal 2026 adjusted EPS of $6.13 (vs. $6.09 expected) and revenue of $6.76B (vs. $6.69B). The company raised Q4 adjusted EPS guidance and fiscal 2026 adjusted EPS and revenue outlook; afterward analysts adjusted price targets including Piper Sandler to $250 and BMO to $270.
Adobe Inc. (NASDAQ: ADBE ) on Thursday posted better-than-expected third-quarter fiscal 2026 results. 09, per Pro data. 69 billion.
"Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding customer reach and leadership across creativity, productivity and customer experience," said Shantanu Narayen, CEO of Adobe. 84 billion estimate. 51 billion estimate. 00 on Friday.
These analysts made changes to their price targets on Adobe following earnings announcement. Piper Sandler analyst Billy Fitzsimmons maintained the stock with a Neutral and raised the price target from $240 to $250. BMO Capital analyst Keith Bachman maintained the stock with a Market Perform and raised the price target from $230 to $270. Citizens analyst Patrick Walravens reiterated the stock with a Market Perform rating.
RBC Capital analyst Matthew Swanson reiterated the stock with an Outperform rating and maintained a $315 price target. Considering buying ADBE stock? Here’s what analysts think: Photo via Shutterstock