ADBE · News · 20260913N

Guidance / Outlook

ADOBE INC. · 2026-09-13 · Importance 10 · Surprise 6

Morgan Stanley maintained an Underweight rating and a $240 price target for Adobe. Adobe left its full-year recurring-revenue-growth and operating-margin guidance unchanged during the fiscal third quarter. Remaining performance obligations were decelerating, while leadership changes added uncertainty to the outlook.

Key facts

• Maintained unchanged full-year guidance for recurring revenue growth and operating margins (as cited by Morgan Stanley). source
• Experienced decelerating remaining performance obligations (as cited by Morgan Stanley). source