Adobe stock trades 34.5 percent below its 52-week high

Published on 10/06/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe stock was trading at USD 238.25 on October 6, 2026, 34.5 percent below its 52-week high. Q3 revenue rose 13 percent to USD 6.76 billion.

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Adobe Inc. (ISIN US00724F1012) was trading at USD 238.25 on Nasdaq on October 6, 2026, leaving the stock 34.5 percent below its 52-week high of USD 363.70. The market value stood at USD 94.7 billion, while the company enters the final quarter with higher fiscal 2026 targets.

Revenue reaches USD 6.76 billion

Adobe reported record third-quarter fiscal 2026 revenue of USD 6.76 billion for the period ended August 28, 2026, up 13 percent from the prior year, according to Nasdaq. GAAP diluted EPS was USD 4.62, while non-GAAP diluted EPS reached USD 6.13.

The recurring-revenue base also expanded. Adobe reported Q3 ending annualized recurring revenue of USD 27.50 billion, up 11.2 percent year over year, and operating cash flow of USD 2.523 billion for the quarter.

Higher targets meet cautious valuation

Adobe raised its FY2026 revenue target to USD 26.576-26.626 billion and its non-GAAP EPS target to USD 24.45-24.50, from the previous EPS range of USD 24.35-24.45, according to ScanX. The same report said adjusted EPS of USD 6.13 exceeded the USD 6.09 consensus, while revenue of USD 6.76 billion topped the USD 6.69 billion estimate.

That operating progress contrasts with the share-price position. Adobe's 52-week range was USD 190.12 to USD 363.70 on October 6, 2026, placing the current quote 25.3 percent above the low but 34.5 percent below the high.

Analysts split after the results

MarketBeat reported that 33 analysts covered Adobe after the results, with a consensus Hold rating and an average price target of USD 282.68. That target lies 18.6 percent above the October 6 Nasdaq price of USD 238.25, while the report also noted that analysts had mixed reactions to the lack of fiscal 2027 guidance.

Specific target changes underline the divide. JPMorgan Chase cut its target from USD 340 to USD 315, while Jefferies reduced its target from USD 285 to USD 275, according to MarketBeat.

Adobe stock trades below yearly high

Adobe was last at USD 238.25 on Nasdaq at 11:15 a.m. ET on October 6, 2026, down 0.23 percent from the prior close of USD 238.78. The session range was USD 237.25 to USD 240.15, with volume of 647,213 shares.