ADBE

Name: ADBE Daily Price History
Creator: Highly Regarded
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Adobe Inc. ADBE logo

NASDAQ Technology

$263.77

-6.67 (-2.47%)

Updated: 10/23/2026, 8:55:01 PM

Open

$269.11

High

$271.25

Low

$262.86

Prev Close

$270.55

Volume

2.43M

Price History

Why Is ADBE ▼ Down Today?

-2.47%

Full AI analysis generates after market close. Showing live price data.

Oct 23 ▼ -2.5% Adobe Shares Decline as Sector Sees Gains

Oct 22 ▲ +6.1% Adobe Surges Over 6% Amid Sector Rotation and AI Partnership News

Oct 21 ▼ -0.6% Adobe (ADBE) Dips Slightly, Underperforms Tech Sector

Oct 20 ▲ +3.9% Adobe Shares Climb, Outperforming Sector Amid Investor Interest

Oct 19 ▲ +0.7% Adobe Posts Modest Gain, Underperforming Sector Average

Oct 16 ▼ -2.6% Adobe (ADBE) Dips Modestly, Outperforming Broader Tech Sector

Oct 15 ▲ +4.6% Adobe Jumps Over 4.5% on Strong Software Sector Performance, AI Moat Focus

Oct 14 ▲ +1.9% Adobe Outperforms Sector with Nearly 2% Gain

Oct 13 ▼ -0.8% Adobe Dips Modestly Amidst Broader Sector Gains

Oct 12 ▼ -1.7% Adobe Shares Decline, Underperforming Technology Sector

Oct 9 ▲ +0.5% Adobe posts modest gain, trails sector average

Oct 8 ▲ +3.5% Adobe (ADBE) Rises, Outperforming Sector on Growth Stock Outlook

Oct 7 ▼ -2.3% Adobe (ADBE) Shares Drop Over 2% Amid Bearish Options Flow

Oct 6 ▼ -0.3% Adobe dips slightly, underperforming sector despite positive news

Oct 5 ▲ +0.4% Adobe Rises Modestly, Outperforming Sector on Positive Sentiment

Oct 2 ▼ -1.5% Adobe shares decline amidst broader tech sector gains

Oct 1 ▲ +0.6% Adobe closes higher, outperforming sector amid AI customer experience news

Sep 30 ▲ +2.9% Adobe Rises on AI Customer Expansion and Positive Analyst Focus

Sep 29 ▲ +0.9% Adobe Rises on AI Customer Experience Expansion and Positive Analyst Focus

Sep 28 ▼ -1.9% Adobe shares dip slightly, outperforming broader sector decline

Sep 25 ▼ -1.4% Adobe Shares Decline Amidst Broader Sector Gains

Sep 24 ▼ -0.8% Adobe (ADBE) Dips Modestly, Underperforming Sector on Light Volume

Sep 23 ▲ +1.0% Adobe Gains, Outperforms Sector on AI Customer Experience Focus

Sep 22 ▼ -4.5% Adobe Shares Drop Over 4.5% Amid Unclear Catalysts

Sep 21 ▲ +0.2% Adobe Sees Modest Gain, Trails Sector Performance

Sep 18 ▼ -1.5% Adobe Shares Decline, Underperforming Broader Sector

Sep 17 ▲ +0.8% Adobe Posts Modest Gain Following Recent Earnings Beat

Sep 16 ▼ -2.8% Adobe Shares Decline Amidst Broader Market Evaluation

Sep 15 ▼ -2.9% Adobe Shares Decline Despite Q3 Earnings Beat

Sep 14 ▲ +5.3% Adobe Surges Over 5% on Strong Q3 Earnings and AI Expansion

Financial Highlights

TTM 2025

Income Statement

Revenue

$23.77B

Gross Profit

$21.22B

89.3% margin

Operating Income

$8.71B

36.6% margin

Net Income

$7.13B

30.0% margin

EPS (Diluted)

$16.70

Balance Sheet

Total Assets

$29.50B

Total Liabilities

$17.87B

Stockholders' Equity

$11.62B

Long-Term Debt

$6.21B

Cash Flow

Operating Cash Flow

$10.03B

Investing Activities

-$1.19B

Net Cash Flow

-$2.18B

SEC filing dated January 15, 2026. Source: Polygon.io / SEC EDGAR.

Highly Regarded Analysis

Updated Oct 23, 2026 • Refreshes daily

Rating

HODL

Risk

Medium

Target

$272.31

Type

Standard

Executive Summary

Adobe Inc. (ADBE) demonstrates strong fundamental health with consistent double-digit revenue and EPS growth, driven by its robust subscription-based Digital Media and Digital Experience segments. The company reported record Annualized Recurring Revenue (ARR) and healthy profit margins in its Q3 FY2026 earnings. However, the stock faces a 'Hold' consensus from analysts, reflecting concerns about intense competition, particularly from emerging AI-native solutions, and execution risks in rapidly evolving technological landscapes. The stock has experienced significant declines over the past five years, but its current valuation, according to some analyses, suggests it may be undervalued relative to its intrinsic worth.

Bull Case

The bull case for Adobe hinges on its ability to successfully monetize its AI initiatives, such as Firefly and Acrobat AI assistant, which are showing significant growth in user adoption and ARR. Continued double-digit growth in its core Digital Media and Digital Experience segments, alongside expanding freemium user bases converting to paid subscribers, would bolster revenue. The company's robust profitability and healthy cash generation, combined with ongoing share repurchases, could drive shareholder value. Some analyses suggest the stock is undervalued, offering significant upside potential if the market re-evaluates its growth prospects and AI adaptation success.

Bear Case

The bear case centers on the intense competition Adobe faces, particularly from a new wave of AI-native competitors, which could erode its market share in key creative and document cloud segments. Execution risk related to rapidly changing technology, including the potential failure to integrate acquisitions effectively or keep pace with innovation, poses a significant threat to long-term growth. Weaker renewal rates across its cloud subscriptions and an inability to efficiently monetize AI offerings could directly impact revenue and operating results. Historically, the stock has seen substantial decline over the past five years, and a continuation of this trend due to these factors remains a risk.

Technical Outlook

The technical outlook for ADBE presents mixed signals. The stock is currently trading in a falling trend channel in the medium term, indicating negative development and decreasing buy interest. However, an inverse head and shoulders formation is reportedly under development, which could signal a strong upward trend if resistance is broken. The stock has support at $230 and resistance at $274. While some short-term moving averages suggest a 'Buy' signal, the 50-day and 200-day simple moving averages, along with the MACD indicator, point towards 'Sell' signals. The 14-day Relative Strength Index (RSI) is around 60.836, suggesting it's neither overbought nor oversold.

Fundamental Health

Adobe's fundamental health remains strong, characterized by its resilient business model and impressive financial performance. In Q3 FY2026, the company achieved total revenue of $6.76 billion, up 13% year-over-year, and non-GAAP EPS of $6.13, a 15% year-over-year increase. Full-year fiscal 2026 revenue is projected to be between $26.576 billion and $26.626 billion, with non-GAAP EPS expected to be $24.45 to $24.50. The company boasts a healthy net margin of approximately 30% and a non-GAAP operating margin of about 44%. Operating cash flow reached a record $2.52 billion in Q3 FY2026. Its P/E ratio of around 15.09 is significantly lower than its 5-year median, suggesting a potentially undervalued stock. Total ending Annualized Recurring Revenue (ARR) reached $27.50 billion, reflecting the strength of its subscription-based services.

Key Catalysts

Successful monetization and widespread adoption of new AI-powered features and products like Firefly and Acrobat AI assistant.
Sustained double-digit growth and increased customer retention across Creative Cloud, Document Cloud, and Experience Cloud subscriptions.
Strategic product innovations, market expansions, and effective integration of acquisitions to maintain competitive advantage.
The impact of the new CEO, Anil Chakravarthy (effective December 1, 2026), potentially bringing new strategic directions to boost AI initiatives.
Ongoing share buyback programs, which can support stock price and reflect management's confidence in the company.

Sources

seekingalpha.com investing.com cnn.com public.com seekingalpha.com qz.com stockcircle.com gurufocus.com fool.com marketbeat.com financhill.com investing.com tipranks.com investtech.com robinhood.com seekingalpha.com

This analysis is AI-assisted and reviewed by our editorial team. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.