Adobe stock trades 34.98 percent below its 52-week high

Published on 10/05/2026 at 18:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe stock trades at USD 236.51 on October 5, 2026, while fiscal Q3 revenue reached USD 6.76 billion. Revenue increased 13 percent year over year.

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Adobe Inc. (ISIN US00724F1012) was trading at USD 236.51 on Nasdaq on October 5, 2026, placing the stock 34.98 percent below its 52-week high of USD 363.70. The latest company figures show a different side of the story: Business Wire reported on September 10, 2026, that fiscal third-quarter revenue reached USD 6.76 billion, up 13 percent year over year.

Revenue growth meets AI expansion

Adobe's fiscal Q3 FY2026 GAAP diluted earnings per share came to USD 4.62, while non-GAAP diluted EPS was USD 6.13. The company also generated USD 2.52 billion in operating cash flow during the quarter, according to Business Wire.

The same release put total annualized recurring revenue at USD 27.50 billion. Adobe's AI-first ARR exceeded USD 650 million and grew more than 150 percent year over year, according to The Globe and Mail in its September 10 earnings-call transcript.

Guidance sets the next test

Adobe's fiscal Q4 FY2026 revenue target is USD 6.80 billion to USD 6.85 billion, with non-GAAP EPS guided to USD 6.30 to USD 6.35. For the full fiscal year, management targets revenue of USD 26.576 billion to USD 26.626 billion and non-GAAP EPS of USD 24.45 to USD 24.50, figures published by Business Wire.

The tension for the stock is visible in the gap between operating delivery and valuation expectations. Revenue grew 13 percent in fiscal Q3, yet the share price remains materially below its yearly high, leaving AI monetization and subscription growth as the central investor questions.

Analysts keep a Hold consensus

MarketBeat lists a Hold consensus from 33 research firms, including seven Buy, 21 Hold and five Sell ratings. The average price target is USD 282.68, while the published high and low targets are USD 440.00 and USD 190.00.

Adobe stock trades near USD 240

Adobe stock was last at USD 236.51 on Nasdaq on October 5, 2026, at 12:29 p.m. ET. Its market capitalization was USD 94.0 billion, and trading volume was 1,428,583 shares.