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.

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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.

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