Adobe (ADBE) Channel Checks Remain Strong but Analyst Questions Outlook - Morgan Stanley

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $591.00 price target on Adobe (NASDAQ: ADBE) ahead of 2Q22 earnings.

The analyst stated "Our conversations with channel partners suggested Adobe had mixed performance between the segments with DX in-line to ahead of expectations while DM was in-line to below expectations. Overall, partners have not noticed any budgets cuts, but acknowledged that a recession could result in fewer net new opportunities ahead."

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $393.84 yesterday.

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