DA Davidson raises target for Adobe Inc stock to USD 290

Published on 10/02/2026 at 12:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe reported USD 6.76 billion revenue, up 13.00 percent in its third quarter. Adobe Inc stock stood at EUR 214.73 on October 2, 2026 versus EUR 214.43.

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Adobe Inc. (ISIN US00724F1012) was trading at EUR 214.73 at Lang & Schwarz on October 2, 2026 at 12:47 p.m. CEST, up 0.14 percent versus the October 1 prior close of EUR 214.43. According to ScanX News, DA Davidson maintained a Buy rating and raised its target for Adobe stock to USD 290.

Guidance moves higher

Adobe reported USD 6.76 billion in revenue for its fiscal third quarter ended August 28, 2026, up 13.00 percent from the year-earlier quarter. The company also reported GAAP diluted earnings per share of USD 4.62 and non-GAAP diluted earnings per share of USD 6.13.

Adobe said fiscal 2026 revenue guidance is USD 26.576 billion to USD 26.626 billion, while non-GAAP earnings per share guidance is USD 24.45 to USD 24.50. The revenue range is the key comparison for investors because it pairs double-digit quarterly growth with a full-year outlook that management raised.

Recurring revenue remains central

Adobe's total annualized recurring revenue reached USD 27.50 billion at the end of the fiscal third quarter. Customer group subscription revenue was USD 6.56 billion, an increase of 14.00 percent year over year, while operating cash flow reached USD 2.52 billion in the quarter.

The release also reported more than 1 billion monthly active users across Adobe's creativity and productivity solutions. That user milestone broadens the measurement of Adobe's AI strategy beyond near-term revenue, although the company identified competition, AI execution and customer demand as risks in its forward-looking disclosures.

Stock valuation stays below its high

Adobe's finance quote showed a USD 95.9 billion market capitalization and a USD 190.12 to USD 363.70 52-week range as of October 1, 2026. The latest primary-market quote was USD 241.28 on Nasdaq at 4:00 p.m. ET on October 1, 2026, separate from the euro reference price.

Adobe's next earnings release is scheduled for December 9, 2026, according to Zacks. The date gives investors a defined checkpoint for the fourth-quarter revenue target of USD 6.80 billion to USD 6.85 billion.

Adobe stock holds near EUR 215

At Lang & Schwarz, Adobe stock was trading at EUR 214.73 on October 2, 2026 at 12:47 p.m. CEST, up 0.14 percent versus the prior close of EUR 214.43 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Adobe stock.