Adobe stock: HSBC cuts target to USD 267 from USD 310

Published on 10/21/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe's next earnings date is December 9, 2026. Adobe stock costs EUR 228.43 on October 21, 2026, up 1.05 percent versus the Xetra close.

HSBC target cut shapes debate

HSBC cut Adobe's target from USD 310.00 to USD 267.00 on October 13, 2026.
Adobe reported USD 6.76 billion in third-quarter revenue, up 13.00 percent year over year.
Adobe stock costs EUR 228.43 at Lang & Schwarz on October 21, 2026 at 5:10 p.m. CEST, 1.05 percent above the Xetra close of October 20, 2026, and 37.19 percent below the 52-week high.
Adobe's next earnings date is December 9, 2026.

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Adobe Inc. (ISIN US00724F1012) faced a fresh analyst reset on October 13, 2026, when HSBC cut its price target from USD 310.00 to USD 267.00 and downgraded the stock from Buy to Hold, as Investing.com reported. The new target is 4.17 percent above Adobe's Nasdaq price of USD 256.32 at 11:19 a.m. ET on October 21, 2026. Adobe stock was trading at EUR 228.43 at Lang & Schwarz on October 21, 2026 at 5:10 p.m. CEST, up 1.05 percent versus the Xetra close of October 20, 2026.

Revenue growth remains substantial

Adobe reported record third-quarter fiscal 2026 revenue of USD 6.76 billion, up 13.00 percent from the same quarter a year earlier. GAAP earnings per share reached USD 4.62, while operating margin was 35.00 percent for the quarter. The results and management commentary were carried in the Adobe earnings transcript published by Forecaster.

Stock sits below its yearly high

Adobe's Nasdaq quote of USD 256.32 on October 21, 2026 at 11:19 a.m. ET put the stock 34.82 percent above its 52-week low of USD 190.12 and 29.52 percent below its 52-week high of USD 363.70. The company had a market capitalization of USD 99.8 billion and a price-to-earnings ratio of 14.31 on the same date.

Leadership and earnings dates

Adobe's leadership transition is scheduled for December 1, 2026, when Anil Chakravarthy is set to become chief executive officer, according to Yahoo Finance. The next earnings date is December 9, 2026, according to Forecaster.

Comparison with peers

Adobe: up 1.05 percent, price-to-earnings ratio 14.31, market capitalization USD 99.8 billion. Salesforce (NYSE, USD): price-to-earnings ratio 22.08, market capitalization USD 199.2 billion. Intuit (Nasdaq, USD): price-to-earnings ratio 20.28, market capitalization USD 89.4 billion.

Adobe price and analyst target

HSBC's USD 267.00 target remains above the Nasdaq quote, while the latest euro quotation is 1.05 percent above the Xetra close of October 20, 2026. Adobe's valuation, recent revenue growth and upcoming leadership change give investors three separate dates to track.

Adobe stock was trading at EUR 228.43 at Lang & Schwarz on October 21, 2026 at 5:10 p.m. CEST, up 1.05 percent versus the Xetra close of October 20, 2026 at EUR 226.05. The further course of trading is shown by the continuously updated real-time quote of Adobe stock.