What's Going On With Adobe Stock Thursday?
Adobe Inc. (NASDAQ: ADBE ) stock edged higher Thursday as broader strength in large-cap technology stocks supported sentiment. The Nasdaq gained about 0.45%, while the S&P 500 rose 0.30%. Traders are also watching several technical levels that could determine whether Adobe can extend its recent stabilization attempt. Recent Earnings Adobe reported better-than-expected fiscal third-quarter results in September and raised its full-year guidance. Adjusted earnings came in at $6.13 per share, beating the $6.09 estimate. Revenue rose to $6.76 billion and beat the $6.69 billion consensus. Subscription revenue reached $6.56 billion, up 14% year over year. Adobe ended the quarter with annualized recurring revenue of $27.50 billion. The company raised its fiscal 2026 adjusted earnings guidance to $24.45-$24.50 per share from $24.35-$24.45. It also lifted its revenue outlook to $26.576 billion-$26.626 billion. For the fourth quarter, Adobe expects adjusted earnings of $6.30-$6.35 per share on revenue of $6.80 billion-$6.85 billion. Technical Analysis Adobe has struggled over the past year, with the stock down about 28%. At $245.73, Adobe trades 1.5% below its 20-day simple moving average of
Adobe Inc. (NASDAQ: ADBE ) stock edged higher Thursday as broader strength in large-cap technology stocks supported sentiment. 30%. Traders are also watching several technical levels that could determine whether Adobe can extend its recent stabilization attempt.
Recent Earnings Adobe reported better-than-expected fiscal third-quarter results in September and raised its full-year guidance. 09 estimate. 69 billion consensus. 56 billion, up 14% year over year.
50 billion. 45. 626 billion. 85 billion.
Technical Analysis Adobe has struggled over the past year, with the stock down about 28%. 07. 46. The longer-term technical picture remains bearish.
Adobe’s 20-day SMA sits below its 50-day SMA, while the 50-day SMA remains below the 200-day SMA. However, the 100-day SMA could provide near-term support. 88. That points to neutral momentum rather than overbought or oversold conditions.
50. 50, close to the 100-day moving average. 4. 09.
DA Davidson maintained a Buy rating and raised its price forecast to $290 on Sept. 14. Piper Sandler maintained a Neutral rating and raised its forecast to $250 on Sept. 11.
Citigroup also maintained a Neutral rating on Sept. 11 while lowering its price forecast to $250. Edge Rankings Adobe scores strongly on quality but remains weaker on momentum, value and growth, according to the Edge scorecard. 01.
99. The rankings point to solid underlying business quality but weaker growth and price momentum. ETF Exposure Adobe is held by several exchange-traded funds. 05% weighting in Adobe.
10% weighting. Large inflows or outflows from those funds can contribute to buying or selling activity in Adobe shares. 73 at the time of publication Thursday, according to Pro data. Photo via Shutterstock Read Also: Micron 'is a Beast': Ross Gerber Declares the Memory Chip Cycle Dead After Monster Earnings, Says 'I've Never Seen Anything Like This'