Adobe stock holds as earnings and targets reset

Published on 09/09/2026 at 18:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe stock traded at USD 257.26 on September 8, 2026, after TD Cowen kept a Hold rating and a USD 245 target. Q2 revenue reached USD 6.62 billion and ARR totaled USD 27.10 billion.

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Adobe Inc. (US00724F1012) stock closed at USD 257.26 on September 8, 2026, down 3.47 percent, with a market value of about USD 102.26 billion and a 52-week range of USD 190.12 to USD 370.86. The move came as analysts recalibrated views ahead of the next results date.

Targets stay mixed

According to Investing.com, TD Cowen kept a Hold rating on Adobe on September 9, 2026 and set a USD 245 target. The same report said Mizuho lifted its target to USD 260, RBC Capital to USD 315 and Stifel kept a Hold rating with USD 200.

That leaves the range wide: USD 200 to USD 315 is a spread of USD 115, or 57.5 percent above the lower target. For investors, the dispersion is the signal, not just the average.

Q2 still matters

According to MarketBeat, Adobe reported Q2 revenue of USD 6.62 billion, up 12.7 percent year over year, and adjusted EPS of USD 5.96, above the USD 5.82 consensus. The same source said net margin was 28.69 percent and return on equity was 65.11 percent.

Another current checkpoint is guidance: Adobe set FY 2026 EPS guidance at USD 24.350 to USD 24.450 and Q3 EPS guidance at USD 6.050 to USD 6.100, according to MarketBeat. Zacks said Q3 revenue is expected at USD 6.67 billion to USD 6.72 billion, with consensus EPS at USD 6.08, on September 8, 2026.

September 10 is next

Zacks said on September 9, 2026 that Adobe is set to report fiscal Q3 results on September 10, 2026. That timing keeps net new ARR and the AI-first revenue mix at the center of the next move.

Stock level watched

Adobe stock stood at USD 257.26 on September 8, 2026, after trading between USD 255.07 and USD 262.81 that day. The shares were also below the 52-week high of USD 370.86 and above the 52-week low of USD 190.12.