ADBE
Adobe’s AI story is still doing the heavy lifting
Adobe just posted better-than-expected Q3 fiscal 2026 results, with adjusted EPS of $6.13 on revenue of $6.76 billion. That’s a beat on both the bottom and top lines, and the company also nudged up its full-year EPS and revenue outlook.
Wall Street did the classic post-earnings shuffle
After the print, analysts started reworking their models like they were trying to squeeze one more carry-on into the overhead bin. Piper Sandler kept a Neutral on the stock and lifted its target to $250 from $240, BMO kept Market Perform and raised its target to $270 from $230, Citizens stayed at Market Perform, and RBC kept Outperform with a $315 target.
Why you should care
The big story isn’t just that Adobe beat estimates — it’s that management is telling investors the AI-driven growth engine is still humming. But the market’s 0.3% dip says expectations are already pretty high, which means even a solid quarter can feel a little “okay, prove it again next time.”
Big picture: Adobe is still a cash-generating software giant with an AI pitch that Wall Street wants to believe. The question now is whether the stock can turn that story into a bigger move than a shrug.