These Analysts Cut Their Forecasts On Adobe After Q4 Earnings

Core Insights - Adobe Inc. reported fourth-quarter earnings of $5.50 per share, exceeding the analyst estimate of $5.39, with quarterly revenue of $6.19 billion, surpassing the Street estimate of $6.11 billion, and up from $5.61 billion in the same period last year [1] - The company anticipates fiscal 2026 GAAP EPS to be between $17.90 and $18.10, compared to the analyst estimate of $16.56 [1] Group 1 - CEO Shantanu Narayen highlighted Adobe's growing role in the global AI ecosystem and the rapid adoption of AI-driven tools, targeting double-digit ARR growth in FY2026 [2] - Following the earnings announcement, Adobe shares increased by 3.7%, trading at $355.93 [2] Group 2 - Wolfe Research analyst Alex Zukin maintained an Outperform rating on Adobe but lowered the price target from $450 to $440 [3] - Morgan Stanley analyst Keith Weiss kept an Equal-Weight rating while reducing the price target from $450 to $425 [3] - TD Cowen analyst J. Derrick Wood maintained a Hold rating and cut the price target from $420 to $400 [3]