Adobe (ADBE) Earnings Preview - Stifel

March 8, 2021 6:39 AM EST
Get Alerts ADBE Hot Sheet
Price: $479.94 -1.8%

Rating Summary:
    31 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 16 | New: 44
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Stifel analyst J. Parker Lane reiterated a Buy rating and $550.00 price target on Adobe (NASDAQ: ADBE) ahead of F1Q21 financial results after the close on March 23rd.

The analyst stated "we anticipate Adobe will deliver reacclerating top-line EC performance in the coming quarter and fiscal year as digital transformation projects remain a key priority and global systems integrators continue to build large-scale practices around the company's product portfolio. Overall, we view Adobe as one of the most well-positioned companies in our universe from a go-to-market standpoint, as creative, document, and customer experience tools should remain in high demand for the foreseeable future. Adobe has also sharpened its frictionless buying experience that widens the addressable market for the company's tools, in our view."

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 $434.50 yesterday.

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