Adobe sees upbeat annual results on AI, design software strength

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Mizuho Reiterates Outperform Rating on Adobe (ADBE)

December 11, 2025 4:34 AM EST

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $390.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "ADBE reported a solid F4Q as Digital Media ARR grew 11.5% Y/Y CC, modestly above the Street's ~11.2% CC estimate. Additionally, total revenue... More