Despite Adobe Inc. (ADBE) posting strong Q1 financial results with revenue of $6.4 billion and adjusted EPS of $6.06, exceeding expectations, the stock price still declined nearly 9% on March 13, 2026. The sharp drop in stock price was driven by CEO Shantanu Narayen's announcement of his departure, which overshadowed the company's record operating cash flow and the doubling of AI product revenue growth. Analysts provided target price ranges from $220 to $500, reflecting market uncertainty about future prospects, while the stock is currently trading at approximately $251.86.

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