Core Insights - Adobe reported record quarterly revenue driven by artificial intelligence, with adjusted earnings per share of $5.31 and revenue of $5.99 billion, an 11% year-over-year increase, surpassing analysts' estimates [1][2] - The company has exceeded its "AI-first" revenue goals for the year, prompting an upward revision of its full-year outlook to adjusted earnings of $20.80 to $20.85 per share and revenue of $23.65 billion to $23.7 billion [2] Stock Performance - Adobe's shares have declined over 20% in 2025, closing below $351, amid concerns regarding AI progress and competition [3] - Despite the decline, Wall Street remains optimistic, with a mean price target above $461, indicating a potential premium of over 30% [3] - The stock was previously above $600 in February 2024, highlighting a significant drop from recent highs [4]

David Paul Morris / Bloomberg / Getty Images Adobe's stock has had a tough year so far, with shares down more than 20% for 2025 through Thursday's close Adobe (ADBE) just reported record quarterly revenue driven by artificial intelligence gains. Will it revive confidence in the stock? The creative software giant late Thursday posted adjusted earnings per share of $5.31 on revenue that jumped 11% year-over-year to a record $5.99 billion in the fiscal third quarter, above analysts' estimates compiled by Vis ...