Adobe stock down 27.6% YTD, but model sees 31% upside with $331.81 price target and buy rating.

Adobe raises FY26 guidance and launches $25B buyback, seen as undervalued despite AI fears.

Adobe Inc. raised its fiscal year 2026 revenue and earnings guidance, targeting $26.5–$26.6 billion in revenue and $17.90–$18.00 in GAAP EPS, signaling confidence in continued growth. The company also announced a new $25 billion share buyback program...