Breaking: Adobe Forecasts Annual Revenue Above EstimateAdobe Inc.BATS:ADBEDEXWireNewsAdobe (NASDAQ; ADBE), forecast fiscal 2026 revenue and profit above Wall Street expectations on Wednesday, signaling strong demand for the Photoshop maker's design tools and increasing monetization for its artificial intelligence offerings. Since the launch of ChatGPT in 2022, Adobe has made heavy bets on generative AI with its Firefly tool, which can be integrated across the company's Creative Cloud suite to create images and videos, in an attempt to draw users in. Adobe is seeing strong growth in AI adoption, with monthly active users for its freemium offerings increasing 35% year over year to over 70 million, Says CFO Dan Durn. "We're seeing significant strength in Creative Cloud Pro, Photoshop, Lightroom," he said, adding that natively embedding generative AI into these products is paying off. In its push into the ad market, last month, Adobe said it would acquire Semrush (SEMR.N), opens new tab for $1.9 billion to help marketers better understand how their brands are seen by online consumers through searches on websites and GenAI bots such as ChatGPT and Gemini. Technically, ADBE stock is in a Diamond-like pattern characterised by a widening and then narrowing price range, creating a shape similar to a diamond. These pattern often provide us with a hint of market reversal points in the financial markets. With RSI at 58 s little thrust from ADBE stock to break the ceiling of the diamond could resort to a bullish reversal pattern in the long run. Analyst Summary According to 23 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price target is $453.48, which is an increase of 32.16% from the latest price. About ADBE Adobe Inc. operates as a technology company worldwide. Its Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content; Document Cloud, a cloud-based document services platform; and Creative Cloud, a subscription service that allows subscribers to use its creative products and applications (apps) integrated with cloud-delivered services across various surfaces and platforms