Bearish
Adobe's stock price target lowered to $250 by Citi amid Q3 earnings beat.
Despite reporting strong fiscal Q3 2026 results, Adobe's stock price target was reduced by Citi to $250 from $301, maintaining a Neutral rating. This adjustment reflects concerns over a softer-than-expected Q4 outlook and potential challenges in sustaining growth momentum.
Key points
- Citi lowers Adobe's price target to $250, citing Q4 revenue concerns.
- Adobe's Q3 2026 earnings exceeded expectations, with revenue up 13% year-over-year to $6.76 billion.
- Management raised its fiscal 2026 revenue and earnings targets, indicating confidence in long-term growth.
Sources
- Adobe's stock price target lowered to $250 by Citi amid Q3 earnings beat.TheFly · September 12, 2026
- Adobe's Q3 2026 earnings exceeded expectations, with revenue up 13% year-over-year to $6.76 billion.Invezz · September 12, 2026
- Management raised its fiscal 2026 revenue and earnings targets, indicating confidence in long-term growth.Invezz · September 12, 2026
AI-generated from public news sources. Not financial advice.
