Adobe's stock has fallen 34% this year despite record revenue growth, driven by concerns over AI competition. The company posted $6.76 billion in Q3 revenue, with AI-related annual recurring revenue growing over 150%. Analysts see a 21% upside with a $278 price target, but reaching $300 would require a 31% gain, supported by AI monetization, a billion users, share buybacks, and new CEO Anil Chakravarthy starting December 1. Risks include market weakness and AI rivals, but Adobe's history of strong gains and low valuation among software firms make $300 a realistic target by the end of 2027.
Adobe's stock trades at USD 234.86 on Pluang as of Sep 30, 2026 19:52 WIB, up 0.72% for the day. The stock's market cap is $92.69 billion, with a 52-week high of $359.91 and low of $193.41. Despite recent gains, Pluang order activity shows 92% selling versus 8% buying, reflecting cautious investor sentiment.
