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

Published on 10/27/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter fiscal 2026 revenue was USD 6.76 billion, up 12.90 percent. Adobe stock costs EUR 229.20 on October 27, 2026, 0.55 percent above Xetra close.

Analyst target and reporting date

HSBC lowered its Adobe target from USD 310 to USD 267 on October 13, 2026.
Third-quarter fiscal 2026 revenue reached USD 6.76 billion, up 12.90 percent year over year.
Adobe stock trades at EUR 229.20 at 11:36 a.m. CET at Lang & Schwarz on October 27, 2026, 0.55 percent above the Xetra close of October 26, 2026.
Adobe is scheduled to report its next results on December 9, 2026.

Adobe Inc., US00724F1012, Illustration mit AI erstellt.

Adobe Inc. stock (ISIN US00724F1012) was trading at EUR 229.20 at Lang & Schwarz on October 27, 2026, at 11:36 a.m. CET, up 0.55 percent versus the Xetra close of October 26, 2026 at EUR 227.95. According to Yahoo Finance on October 13, 2026, HSBC cut its Adobe price target from USD 310 to USD 267 and downgraded the stock to Hold.

Quarterly growth meets margin pressure

SEC-API.io reported that Adobe generated USD 6.76 billion in revenue in the third quarter of fiscal 2026, up 12.90 percent from USD 5.99 billion a year earlier. GAAP diluted earnings per share rose 10.50 percent to USD 4.62, while operating margin declined to 34.80 percent from 36.30 percent.

Three results shaped the year

The chronology starts with Adobe's initial fiscal 2026 revenue target of USD 25.90 billion to USD 26.10 billion on December 10, 2025. On March 12, 2026, first-quarter revenue reached USD 6.40 billion. The latest event came on September 10, 2026, when third-quarter revenue reached USD 6.76 billion and full-year revenue guidance rose to USD 26.576 billion to USD 26.626 billion, as documented by SEC-API.io.

What does the margin change mean?

The 1.50 percentage-point operating-margin decline shows why target cuts can persist alongside double-digit revenue growth. Adobe also reported USD 2.52 billion in operating cash flow for the third quarter of fiscal 2026, up 14.80 percent year over year, giving the results a stronger cash-generation profile than the margin trend alone suggests.

Next reporting date is December 9

Yahoo Finance lists December 9, 2026, as Adobe's next earnings date. That event will put the company's fiscal fourth-quarter revenue outlook of USD 6.80 billion to USD 6.85 billion against the reported third-quarter base.

Stock holds above the Xetra close

The euro quote was 0.55 percent above the previous Xetra session's close at the Lang & Schwarz timestamp. The modest move keeps the analyst target revision and Adobe's margin trajectory as the clearest measurable counterpoints for investors.

The further course of trading is shown by the continuously updated real-time quote of Adobe stock.