These Analysts Cut Their Forecasts On Adobe Outlet After Q4 Earnings - Adobe (NASDAQ:ADBE)

Core Insights - Adobe Inc. reported better-than-expected fourth-quarter earnings with a quarterly EPS of $5.50, surpassing the analyst estimate of $5.39 [1] - Quarterly revenue reached $6.19 billion, exceeding the Street estimate of $6.11 billion and showing an increase from $5.61 billion in the same period last year [1] - For fiscal 2026, Adobe projects GAAP EPS between $17.90 and $18.10, compared to the analyst estimate of $16.56 [1] Company Performance - CEO Shantanu Narayen highlighted Adobe's record FY2025 results, emphasizing the company's growing role in the global AI ecosystem and the rapid adoption of AI-driven tools [2] - Adobe aims for double-digit ARR growth in FY2026 by advancing its generative and agentic platforms and expanding its customer base [2] - Following the earnings announcement, Adobe shares rose by 3.7% to $355.93 [2] Analyst Ratings and Price Targets - 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 and reduced 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]