Adobe says AI now drives over one-third of new ARR—and Generative Credit usage tripled QoQ.

FY26E op margin is guided down to 45%, the lowest in years.

Is this a sign of real AI monetization… or just heavy spending masked as innovation?

(One Chart to Understand below 👇)

Modified in.12-15 09:50

Analysts Adjust Adobe Price Targets with Mixed Ratings

Wolfe Research, Morgan Stanley, TD Cowen, and Oppenheimer have lowered their price targets for Adobe while maintaining their ratings. Wolfe Research reduced its target from $450 to $440, Morgan Stanley from $450 to $425, TD Cowen from $420 to $400, and Oppenheimer from $460 to $430. Meanwhile, DA Davidson has maintained a price target of $500 with a Buy rating, reflecting mixed analyst sentiment towards Adobe's stock performance.

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