Earnings, AI Firefly Expansion, Runway & ChatGPT Deals, Analyst Price Targets, and Lawsuit Risk
Adobe Inc. (NASDAQ: ADBE) heads into the final full week before year-end with a familiar split-screen story for investors: record results and upbeat fiscal 2026 targets on one side, and growing debate over AI-era competition and legal risk on the other. Over the past 10 days, Adobe has delivered its fiscal Q4 beat and FY2026 outlook, pushed deeper into AI-first workflows through Firefly (including new video tools and partner models), announced high-profile integrations with OpenAI’s ChatGPT and AI video specialist Runway, and then faced a new AI training-data lawsuit that could become an overhang for sentiment. [1]
Below is what’s driving Adobe stock as of 20 December 2025, along with the latest Street forecasts and key catalysts to…
