StreetInsider.com News Articles

Adobe (ADBE) PT Lowered to $310 at Deutsche Bank: CEO uncertainty 'will likely weigh on the stock in the near term'

Fri, 13 Mar 2026 10:55:47 -0400

Deutsche Bank analyst Brad Zelnick lowered the price target on Adobe (NASDAQ: ADBE) to $310.00 (from $390.00) while maintaining a Hold rating.

The analyst commented, "Adobe reported strong revenue and solid profitability metrics that were overshadowed by several transitions. The first was CEO Shantanu Narayen announcing plans to transition from the CEO role once the board has appointed a successor. While we have every confidence the board would select a worthy successor, we expect the lingering uncertainty will likely weigh on the stock in the near term. That said, we want to congratulate Mr. Narayen on his illustrious career (even if

Adobe (ADBE) PT Lowered to $310 at Deutsche Bank: CEO uncertainty 'will likely weigh on the stock in the near term'

Fri, 13 Mar 2026 10:55:47 -0400

Deutsche Bank analyst Brad Zelnick lowered the price target on Adobe (NASDAQ: ADBE) to $310.00 (from $390.00) while maintaining a Hold rating.

Adobe (ADBE) PT Lowered to $290 at UBS on ARR Growth Pressure, AI Impact

Fri, 13 Mar 2026 09:57:36 -0400

(Updated - March 13, 2026 9:57 AM EDT)

UBS analyst Karl Keirstead lowered the price target on Adobe (NASDAQ: ADBE) to $290.00 (from $340.00) while maintaining a Neutral rating.

The analyst commented, "Continuing a string of mixed prints from SaaS/apps firms, Adobe reported solid 1Q/Feb results (beats across revs, margins and EPS that speak to the durability of the product) but flagged several items that may serve to keep investors balanced/cautious, including the departure of the CEO, ARR growth pressure as it pushes freemium products and a clear AI impact in the Stock segment (AI images > stock images). At a CY26e

Adobe (ADBE) PT Lowered to $290 at UBS on ARR Growth Pressure, AI Impact

Fri, 13 Mar 2026 09:57:36 -0400

(Updated - March 13, 2026 9:57 AM EDT)

UBS analyst Karl Keirstead lowered the price target on Adobe (NASDAQ: ADBE) to $290.00 (from $340.00) while maintaining a Neutral rating.

BofA Securities Reiterates Buy Rating on Adobe (ADBE) following earnings

Fri, 13 Mar 2026 09:39:54 -0400

BofA Securities analyst Brad Sills reiterated a Buy rating and $460.00 price target on Adobe (NASDAQ: ADBE)

The analyst commented, "Q1 results solidly met expectations. However, some AI transition items and the surprise announcement that CEO Shantanu Narayan is stepping down is weighing on the stock. Total revenue of $6.4 billion (+12% y/y, +11% y/y cc) exceeded our estimate by $120 million. Total ARR growth of 10.9% exceeded our 10.2%... The outlook for Q2 total revenue of $6.445 billion (+10% y/y) nicely exceeded our $6.41 billion. The FY25 outlook for total ARR growth of 10.2% is unchanged. Maintain Buy... Key AI

Adobe (ADBE) PT Lowered to $285 at BMO Capital Following a 'Mixed' Quarter

Fri, 13 Mar 2026 09:12:44 -0400

BMO Capital analyst Keith Bachmann lowered the price target on Adobe (NASDAQ: ADBE) to $285.00 (from $375.00) while maintaining a Market Perform rating.

The analyst commented: "We thought Adobe reported a mixed quarter, with solid CRPO and revenues but light on ARR in part due to Stock weakness. Moreover, Adobe’s focus on user acquisition through freemium offerings is dampening near-term ARR but could create more growth durability longer-term. While we are encouraged with several customer metrics including consumption growth and AI ARR growth, and while Adobe’s valuation has come down meaningfully, we still have concerns about competition and growth durability. We

Adobe (ADBE) PT Lowered to $285 at BMO Capital Following a 'Mixed' Quarter

Fri, 13 Mar 2026 09:12:44 -0400

BMO Capital analyst Keith Bachmann lowered the price target on Adobe (NASDAQ: ADBE) to $285.00 (from $375.00) while maintaining a Market Perform rating.

Adobe (ADBE) PT Lowered at Piper Sandler as CEO Shantanu Narayen Steps Down

Fri, 13 Mar 2026 08:59:28 -0400

Piper Sandler analyst Billy Fitzsimmons lowered the price target on Adobe (NASDAQ: ADBE) to $280.00 (from $330.00) while maintaining a Neutral rating.

The analyst commented: "F1Q26 was marked by encouraging usage stats (e.g., 850M Acrobat, Creative Cloud, Express, and Firefly MAUs, 80M Creative freemium MAUs +50% y/y), but total ending ARR came in roughly in-line with consensus expectations at 10.9% y/y growth. While the traction is encouraging, management noted strong growth in MAUs on newer products "dampens" ARR in the ST and highlighted a stronger-than-expected decline in the traditional Stock business as customers increasingly lean into generative AI as a starting

Adobe (ADBE) PT Lowered at Piper Sandler as CEO Shantanu Narayen Steps Down

Fri, 13 Mar 2026 08:59:28 -0400

Piper Sandler analyst Billy Fitzsimmons lowered the price target on Adobe (NASDAQ: ADBE) to $280.00 (from $330.00) while maintaining a Neutral rating.

Adobe (ADBE) PT Lowered to $420 at JPMorgan

Fri, 13 Mar 2026 08:58:22 -0400

JPMorgan analyst Mark Murphy lowered the price target on Adobe (NASDAQ: ADBE) to $420.00 (from $520.00) while maintaining a Overweight rating.

Adobe (ADBE) PT Lowered to $365 at Morgan Stanley

Fri, 13 Mar 2026 08:48:12 -0400

Morgan Stanley analyst Keith Weiss lowered the price target on Adobe (NASDAQ: ADBE) to $365.00 (from $425.00) while maintaining a Equalweight rating.

Adobe (ADBE) PT Lowered to $330 at Wells Fargo

Fri, 13 Mar 2026 08:46:02 -0400

Wells Fargo analyst Michael Turrin lowered the price target on Adobe (NASDAQ: ADBE) to $330.00 (from $405.00) while maintaining a Overweight rating.

Adobe (ADBE) PT Lowered to $235 at KeyBanc Amid CEO Transition

Fri, 13 Mar 2026 08:45:52 -0400

KeyBanc analyst Jackson Ader lowered the price target on Adobe (NASDAQ: ADBE) to $235.00 (from $310.00) while maintaining an Underweight rating.

The analyst commented: "And thus ends one of the longest-running tenures in software leadership. Shantanu Narayen will be stepping down from the CEO role and the Company is setting up a search committee. Regardless of recent share performance, this is not a happy day for Adobe. Our thoughts on the move are more fully fleshed out below. Consumption activity and ARR trends are impressive but not contributing materially enough to excite the overall numbers, and while results were solid, they

Adobe (ADBE) PT Lowered to $235 at KeyBanc Amid CEO Transition

Fri, 13 Mar 2026 08:45:52 -0400

KeyBanc analyst Jackson Ader lowered the price target on Adobe (NASDAQ: ADBE) to $235.00 (from $310.00) while maintaining an Underweight rating.

Adobe (ADBE) PT Lowered to $447; Bernstein: 'Are we finally nearing an inflection point?'

Fri, 13 Mar 2026 08:40:14 -0400

Bernstein SocGen Group analyst Mark Moerdler lowered the price target on Adobe (NASDAQ: ADBE) to $447.00 (from $506.00) while maintaining an Outperform rating.

The analyst commented: "Are we finally nearing an inflection point? Adobe delivered a solid quarter and 2Q guide above consensus, yet the stock was down 8% aftermarket driven by a few factors: 1) CEO Shantanu Narayen will be stepping down after 18 years; 2) FY26 guide not raised despite 1Q beat; 3) change in disclosures took away valuable info from previous product segments.

Although this is not yet the quarter to disprove the bear thesis, we are incrementally more

Adobe (ADBE) PT Lowered to $447; Bernstein: 'Are we finally nearing an inflection point?'

Fri, 13 Mar 2026 08:40:14 -0400

Bernstein SocGen Group analyst Mark Moerdler lowered the price target on Adobe (NASDAQ: ADBE) to $447.00 (from $506.00) while maintaining an Outperform rating.

Although this is not yet the quarter to disprove the bear thesis, we are incrementally more

Adobe (ADBE) PT Lowered to $310 at TD Cowen

Fri, 13 Mar 2026 08:32:32 -0400

TD Cowen analyst J. Derrick Wood lowered the price target on Adobe (NASDAQ: ADBE) to $310.00 (from $325.00) while maintaining a Hold rating.

The analyst comments "CEO departure & NNARR softness don't help the already struggling AI disruption narrative & our weaker checks. NNARR growth (-11%) was softer than expected due to Stock headwinds & dampening effects as top-of-funnel drives more Freemium MAUs vs. Paid users. Expectations for stronger ARR conversion in 2H make for a show-me story in an evolving AI competitive backdrop. Maintain Hold. PT to $310."

Adobe (ADBE) PT Lowered to $310 at TD Cowen

Fri, 13 Mar 2026 08:32:32 -0400

TD Cowen analyst J. Derrick Wood lowered the price target on Adobe (NASDAQ: ADBE) to $310.00 (from $325.00) while maintaining a Hold rating.

Adobe (ADBE) PT Lowered to $300 at DA Davidson: CEO change 'opens an opportunity to impact investor sentiment'

Fri, 13 Mar 2026 08:31:58 -0400

DA Davidson analyst Gil Luria lowered the price target on Adobe (NASDAQ: ADBE) to $300.00 (from $500.00) while maintaining a Buy rating.

The analyst commented, "We believe the announcement of a CEO transition opens an opportunity to impact investor sentiment. Results this quarter were ahead of expectations but the reiteration of the FY26 guide and better than expected F2Q26 outlook implies a weaker back half of the year. Nothing in the quarter provided evidence either way regarding the negative AI narrative, and we maintain our BUY rating while lowering our PT to $300 (13x FY26 EPS)."

Adobe (ADBE) PT Lowered to $300 at DA Davidson: CEO change 'opens an opportunity to impact investor sentiment'

Fri, 13 Mar 2026 08:31:58 -0400

DA Davidson analyst Gil Luria lowered the price target on Adobe (NASDAQ: ADBE) to $300.00 (from $500.00) while maintaining a Buy rating.

Goldman Sachs Reiterates Sell Rating on Adobe (ADBE)

Fri, 13 Mar 2026 08:31:43 -0400

Goldman Sachs analyst Gabriela Borges reiterated a Sell rating and $220.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "ADBE is indicated -8% AH after 1Q26 results. Revenue was 2% above the Street, total ARR was in line, EBIT margin was in line, and FCF margin was ~800bps above (FactSet). 2Q26 guidance was largely in line, and F26 guidance remains unchanged. CEO Shantanu Narayen announced his plan to transition from the role when a successor is found in the coming months, and to remain Chairman of the Board. The negative stock reaction likely reflects uncertainty until Adobe's next CEO is

Goldman Sachs Reiterates Sell Rating on Adobe (ADBE)

Fri, 13 Mar 2026 08:31:43 -0400

Goldman Sachs analyst Gabriela Borges reiterated a Sell rating and $220.00 price target on Adobe (NASDAQ: ADBE).

Goldman Sachs Reiterates Sell Rating on Adobe (ADBE)

Fri, 13 Mar 2026 08:31:43 -0400

Goldman Sachs analyst Gabriela Borges reiterated a Sell rating and $220.00 price target on Adobe (NASDAQ: ADBE).

Adobe reports results, says CEO to step down; stock dips

Fri, 13 Mar 2026 08:03:26 -0400

Investing.com -- Adobe (NASDAQ: ADBE) on Thursday said its chief executive of eighteen years, Shantanu Narayen, will step down and that its board had initiated a search for a successor.

The company separately announced a quarterly top- and bottom-line beat and issued current quarter guidance that was largely above expectations.

Shares of ADBE tumbled more than 8% in premarket trading Friday.

Top boss to step down

Narayen is an Adobe veteran, having joined the company in 1998 and promoted several times until finally taking on the helm of chief executive in December 2007. One of Narayen’s biggest moves was bundling the company’s various software

Adobe reports results, says CEO to step down; stock dips

Fri, 13 Mar 2026 08:03:26 -0400

Investing.com -- Adobe (NASDAQ: ADBE) on Thursday said its chief executive of eighteen years, Shantanu Narayen, will step down and that its board had initiated a search for a successor.

The company separately announced a quarterly top- and bottom-line beat and issued current quarter guidance that was largely above expectations.

Shares of ADBE tumbled more than 8% in premarket trading Friday.

Top boss to step down