Stock price is not a factor of historical performance or punishing and rewarding for missing or hitting an EPS target, but (mostly) of expectations of future performance. Adobe is expecting revenue to likely drop QoQ, which is a rather dismal expectation given Q4 is highest quarter in their business. There might be other factors in the industry and/or wider economy further weakening the outlook, thus stock price.
And while we're on the subject of analysts, their buy/sell/hold guidance is worthless. If they were any good at predicting stock price movements, they'd be on the trading floor, earning orders of magnitude more money for themselves and their employer. That's not to say traders are any good at picking winners, either...