BUZZ-Adobe falls despite strong outlook as brokerage flags lower margin guide

Reuters12-11
BUZZ-<a href="https://laohu8.com/S/ADBE">Adobe</a> falls despite strong outlook as brokerage flags lower margin guide

** Photoshop creator Adobe ADBE.O stock fall nearly 1% to $340.69 premarket

** Co forecasts fiscal 2026 revenue, profit above Wall Street expectations on strong demand for its design tools, AI offerings

** Baird trims PT to $410 from $425, maintains "neutral" stance; says expectations muted past several quarters, although revenue guidance better than feared

** However, lower margin guide vs Street is reflective of ongoing product and GTM (go-to-market) investments, and focus could shift to ADBE needing to give up margin to go after growth- Baird

** Co's Q4 revenue of $6.19 billion beat $6.11 billion estimates

** Average rating of 40 analysts is "buy"; median PT $440- data compiled by LSEG

** Stock down nearly 23%, as of last close, YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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