Stephens Reiterates Overweight Rating on Adobe (ADBE)

September 18, 2019 7:03 AM EDT
Get Alerts ADBE Hot Sheet
Price: $620.80 -0.81%

Rating Summary:
    32 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Stephens analyst James Rutherford reiterated an Overweight rating and $327.00 price target on Adobe (NASDAQ: ADBE) following the company's 3Q earnings report. Adobe posted a revenue beat ($2.83 bil. vs. consensus at $2.81 bil.), and an EPS beat ($2.05 vs. consensus of $1.97).

Adobe gave revenue guidance of $2.97 bil. vs. consensus of $3.0 bil., and adj. EPS guidance of $2.25 vs. consensus of $2.30. The F4Q guide was below expectations, driven by Experience Cloud, with revenue growth guided only at 23% YOY vs. our 35% growth expectation.

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 $277.63 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities