Adobe Systems (ADBE) Reports In-Line Q4 EPS, Q1 and FY22 Guidance Misses

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Go back to Adobe Systems (ADBE) Reports In-Line Q4 EPS, Q1 and FY22 Guidance Misses

Adobe (ADBE) PT Lowered to $650 at BMO Capital

December 17, 2021 7:18 AM EST

BMO Capital analyst Keith Bachmann lowered the price target on Adobe (NASDAQ: ADBE) to $650.00 (from $720.00) while maintaining an Outperform rating.

The analyst commented, "We view this as the first disappointing Adobe quarter in a very long time. Net new ARR was... More

Adobe (ADBE) PT Lowered to $685 at Mizuho Securities

December 17, 2021 7:08 AM EST

Mizuho Securities analyst Gregg Moskowitz lowered the price target on Adobe (NASDAQ: ADBE) to $685.00 (from $695.00) while maintaining a Buy rating following results.

The analyst commented, "F4Q earnings largely disappointed. Organic net new ARR (excluding Frame.io) was presumably slightly below guided levels,... More