KeyCorp Has Bullish Estimate for Adobe FY2026 Earnings

Adobe Inc. (NASDAQ:ADBE) – Equities research analysts at KeyCorp upped their FY2026 earnings estimates for shares of Adobe in a research note issued on Thursday, September 10th. KeyCorp analyst J. Ader now expects that the software company will earn $20.02 per share for the year, up from their prior estimate of $19.87. KeyCorp has a “Underweight” rating and a $195.00 price target on the stock. The consensus estimate for Adobe’s current full-year earnings is $20.03 per share. KeyCorp also issued estimates for Adobe’s Q4 2026 earnings at $5.10 EPS and FY2027 earnings at $22.65 EPS.

A number of other equities research analysts also recently commented on the stock. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Barclays upped their price target on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Bank of America increased their price objective on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Stifel Nicolaus increased their target price on Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, September 9th. Finally, Robert W. Baird lifted their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $282.68.

Adobe Stock Performance

Adobe stock opened at $257.76 on Wednesday. The company has a market capitalization of $102.46 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.92 and a beta of 1.42. The stock has a fifty day moving average of $255.22 and a two-hundred day moving average of $245.70. Adobe has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the firm posted $5.31 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Ricks bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADBE. TrustBank acquired a new position in Adobe during the 4th quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Adobe in the 2nd quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new stake in Adobe in the 4th quarter valued at about $31,000. Sankala Group LLC bought a new position in shares of Adobe during the 4th quarter valued at about $31,000. Finally, Bard Associates Inc. bought a new stake in Adobe during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s fiscal Q3 2026 revenue increased 13% year over year to $6.76 billion, exceeding expectations, while adjusted EPS of $6.13 also beat consensus. Management raised its fiscal 2026 revenue and earnings targets, reinforcing the company’s cash-generation and profitability profile. Should You Buy Adobe Stock At $260?
• Positive Sentiment: AI-first annualized recurring revenue reportedly surged more than 150%, and Adobe’s new AI-powered Student Spaces features could broaden product adoption. These developments helped Adobe shares rise alongside enterprise software stocks as investors rotated away from AI hardware and semiconductor names. Adobe Stock Jumps 4.2% as Investors Reassess the AI Software Trade
• Positive Sentiment: Some commentators view Adobe as significantly undervalued after its recent decline, citing free-cash-flow margins above 40% and the possibility of a short squeeze if sentiment improves. DA Davidson also raised its price target to $290 and maintained a buy rating. Jim Cramer Says Adobe Could Be a Short-Squeeze Candidate
• Neutral Sentiment: Investor debate centers on whether Adobe’s large user base and AI product expansion will translate into stronger monetization. The company has about $27.5 billion in annualized recurring revenue, but analysts are waiting for clearer evidence that AI adoption accelerates growth.
• Negative Sentiment: Adobe maintained its fiscal 2026 ending ARR growth target at 10.2%, while new ARR and forward guidance remained a concern. Analysts also cited competition, the freemium strategy and uncertainty surrounding the CEO transition as reasons for caution. Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
• Negative Sentiment: KeyCorp reiterated an “Underweight” rating and a $195 price target, well below recent trading levels, reflecting concern that earnings growth may not offset slower recurring-revenue expansion. Recent insider activity has also consisted entirely of sales, including sales by CEO Shantanu Narayen. Adobe analyst estimates and market data

About Adobe

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.