Analysts See Adobe’s (ADBE) Story “Rebased” After Better-Than-Expected Quarter

Adobe Inc. (NASDAQ:ADBE) is one of the Trending AI Stocks on Wall StreetOn December 12, Bernstein analyst Mark Moerdler reduced the price target on the stock to $506.00 from $508.00 while maintaining an “Outperform” rating. The rating affirmation follows a “solid” Q4 2025 report.

According to the firm, performance for the software maker exceeded both consensus estimates and the high end of Adobe’s own guidance. Looking ahead, it also provided first-quarter fiscal 2026 guidance slightly above consensus expectations.

The firm’s research note further noted that fiscal outlook 2026 suggests double-digit growth next year. Though the quarter doesn’t fully refute bearish views, the firm has expressed an “incrementally positive” stance on company guidance and initiatives.

A close-up of a wealth manager’s hands hovering over a laptop presenting a customer with investment options.

The firm has therefore become more constructive on the stock, citing a rebased narrative and highlighting increased clarity in Adobe’s artificial intelligence story implementation across all customer segments.

Adobe Inc. (NASDAQ:ADBE) is a software company that provides digital marketing and media solutions.

While we acknowledge the risk and potential of ADBE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADBE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Must-Watch AI Stocks on Wall Street and 11 AI Stocks Analysts Are Watching Closely.

Disclosure: None.