Adobe falls as fourth-quarter revenue forecast misses estimates

Adobe

11/09/2026 09:13

** Shares of Photoshop creator Adobe ADBE.O fall 2% to $243.75 premarket
** Co beat Wall Street estimates for third-quarter revenue on Thursday, helped by growing demand for its AI-integrated products and tools, but gave a fourth-quarter revenue forecast whose midpoint was slightly below expectations
** J.P.Morgan says, despite slower revenue growth, the company's  low valuation leaves room for upside if monetization recovers as more customers adopt and pay for its products over time 
** For Q4, co forecast revenue of $6.80 bln to $6.85 bln, with a midpoint of $6.825 bln, slightly below analysts' estimate of $6.85 bln
** Stock rated "Hold" on average; median PT is $270, per data compiled by LSEG
** As of last close, co is down about 29% this year

(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh)))