Adobe (ADBE) Stock News

Adobe is launching Brand Concierge with NVIDIA Nemotron for enterprise customers later this year.

HSBC lowered its rating on Adobe from Buy to Hold.

Wells Fargo downgrades Adobe to Underweight, cuts target to $225 from $270.

Adobe projects $275.1B in US online holiday sales (Nov-Dec), up 6.7% YoY. Cyber Monday to hit $15.1B, Black Friday $12.9B. October Prime Day spending expected at $9.9B.

Adobe becomes official Creative, Marketing and AI Partner of NHL. Adobe will provide AI technology for personalized fan experiences, content creation, and fan creativity tools. Partnership covers NHL's global expansion.

Adobe reported Q3 revenue $6.8B, adj EPS $6.13, both above estimates. Raised FY26 guidance. Q4 guide largely in line.

Adobe announced Anil Chakravarthy will become President and CEO effective Dec. 1, succeeding Shantanu Narayen who moves to Executive Chair. Chakravarthy, who joined in 2020, leads the Customer Experience Orchestration unit and previously served as CEO of Informatica. Narayen led Adobe since 2007 through its cloud transformation. The succession plan was disclosed in March.