UPDATE: Goldman Sachs Raises Adobe (ADBE) PT to $765, Would Buy Weakness
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Adobe (ADBE) PT Raised to $670 at Piper Sandler
September 22, 2021 9:33 AM EDTPiper 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
September 22, 2021 8:38 AM EDTJefferies 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
September 22, 2021 5:17 AM EDTShares 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
