Stifel Nicolaus analyst J. Parker Lane maintains a bullish stance on Adobe Inc. (ADBE) stock, giving a “Buy” rating due to the strategic acquisition of Semrush. Adobe’s total operating expenses increased to $3.17 billion in Q3 2025, reflecting growth in sales and marketing, administrative, and R&D expenses.

Citi reduced Adobe’s stock price target to $366 from $400, with a “Neutral” rating for Q4 2025. Despite expecting a marginal beat in earnings, increased investments led to margin reductions. Sales and marketing expenses rose by 15%, reflecting advertising and compensation cost increases.

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Read more at Yahoo Finance: Stifel Nicolaus Maintains Bullish Stance on Adobe (ADBE) Stock