Adobe (ADBE) traded at $324.50 (+0.51%) in pre-market on December 2, 2025, continuing modest gains from December 1's close of $322.85 (+0.85%). The stock has recovered from November 20's low of $312.40, gaining approximately 3.9% over the past two weeks. Upcoming Q4 FY2025 earnings on December 10 are driving investor focus. Market discussions reflect mixed sentiment: while analysts highlight AI integration success through Firefly and subscription growth potential, concerns persist over year-to-date stock decline (-37.5% over 12 months), margin pressures, and valuation uncertainty. Analyst price targets range from $390 to $600, with a median of $430, reflecting divergent views on near-term growth prospects.