Adobe (ADBE) Quarter Should Be In-Line On Tuesday - Stifel

Stifel analyst Tom Roderick reiterated a Buy rating and $325.00 price target on Adobe (NASDAQ: ADBE) ahead of earnings on Tuesday, after the market close. The analyst is expecting an in line quarter with Total Revenue of $2.7bn versus consensus of $2.705bn, Subscription revenue of $2.445bn versus consensus of $2.417bn and Non-GAAP EPS of $1.77 versus consensus of $1.78.

The analyst stated "With Digital Media ARR growth coming down from 30%-plus range in the last couple of quarters, investors have begun to question the long-term growth potential of the segment. While the potential for seat conversion still remains internationally, we view existing account penetration and new use-cases as the primary seat and ARR growth drivers in the near-term".

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 $275.00 yesterday.

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