Adobe Reports Record Revenue

Adobe (ADBE) PT Raised to $670 at Piper Sandler

Piper Sandler analyst Brent Bracelin raised the price target on Adobe (NASDAQ: ADBE) to $670.00 (from $600.00) while maintaining an Overweight rating.

The analyst commented, "The magnitude of Q2 upside and 43% corresponding jump in ADBE shares in the last six months... More

Adobe (ADBE) PT Raised to $760 at Jefferies

Jefferies analyst Brent Thill raised the price target on Adobe (NASDAQ: ADBE) to $760.00 (from $750.00) while maintaining a Buy rating following strong earnings.

The analyst commented, "FQ3 delivered a solid beat, though with a smaller upside than in F1H and smaller than what... More

Adobe (ADBE) Tops Q3 Estimates, After-Hours Move Lower in Shares Creates a Buying Opportunity Says Analyst

Shares of Adobe Systems (NASDAQ: ADBE) are down about 3% in pre-open Wednesday despite better-than-expected FQ3 results the company delivered.

Adobe earned $3.11 per share to beat the $3.01 expected from surveyed analysts. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $3.89 billion.

We drove record revenues and strong profitability in the quarter, demonstrating our ability to succeed in a dynamic environment, said John Murphy, executive vice president and CFO, Adobe. Our operational rigor and data-driven insights enable us to execute while we continue to invest across massive market... More

Adobe Systems (ADBE) Tops Q3 EPS by 10c, Q4 EPS Guidance Beats

Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $3.11, $0.10 better than the analyst estimate of $3.01. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $3.89 billion.

GUIDANCE:

Adobe Systems sees Q4 2021 EPS of $3.18, versus the consensus of $3.08. Adobe... More