Adobe Systems (ADBE) Tops Q3 EPS by 16c, Revenues Beat; Offers 4Q EPS/Revenue Guidance
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Adobe (ADBE) PT Raised to $560 as Morgan Stanley Sees Upside to Light Guidance
September 14, 2020 7:10 AM EDTMorgan Stanley analyst Keith Weiss raised the price target on Adobe (NASDAQ: ADBE) to $560.00 (from $450.00) after May quarter results proved Adobe's Digital Media business was significantly more durable than feared. Net new ARR growth was up 10% YoY), eCommerce and digital marketing trends sustained... More
Cowen Upgrades Adobe (ADBE) to Outperform
September 11, 2020 5:41 AM EDTCowen analyst J. Derrick Wood upgraded Adobe (NASDAQ: ADBE) from Market Perform to Outperform with a price target of $555.00 (from $400.00).
The analyst comments "sharpened focus on DX organic growth/margins; and 3) a COVID-19 induced macro driving accelerating demand for Doc... More
