UBS Raises Adobe Price Target to $255, Keeps Neutral Rating

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Summary · why it matters

UBS raised its price target on Adobe to $255 from $225 while maintaining a Neutral rating, leaving only modest upside from the stock's recent trading level near $248. The move followed Adobe's fiscal third-quarter earnings, which showed revenue growth of roughly 12% to 13% to $6.76 billion, beating consensus estimates by about $60 million, along with free cash flow of $2.44 billion. Adobe also reaffirmed its fiscal-2026 annual recurring revenue growth guidance of 10% and raised its full-year targets. UBS flagged softer areas beneath the headline numbers, including margins, core Creative growth and committed remaining performance obligations, with cRPO growth slowing to 9%. UBS analyst Karl Keirstead wrote that there was not enough real upside to drive a further re-rating, while Wells Fargo raised its target to $270, JPMorgan cut its target to $315 and Baird raised its target but kept a Neutral rating.

Impact on stocks 4

Financials▲ · 2 stocks
UBS Group AG
UBSG
▲ PositiveCapitalrelevance

UBS is the subject of the story, raising its Adobe price target to $255 while maintaining a Neutral rating.

Artificial Intelligence▲ · 1 stocks
Adobe Systems Incorporated
ADBE
± MixedCapitalrelevance

UBS raised its Adobe price target to $255 but kept Neutral, citing soft margins, core Creative growth and slowing cRPO despite Q3 revenue beat and raised full-year targets.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 1

Robert W. Baird & Co. IncorporatedPrivate± Mixed
relevance

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