Adobe Systems (ADBE) Tops Q1 EPS by 3c, Offers Guidance
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Adobe (ADBE) PT Raised to $570 at Jefferies
March 23, 2022 8:12 AM EDTJefferies analyst Brent Thill raised the price target on Adobe (NASDAQ: ADBE) to $570.00 (from $550.00) while maintaining a Buy rating.
The analyst commented, "FQ1 delivered a small beat vs. guide, but FQ2 guide was below Street. We believe this was due to Ukraine/Russia... More
Evercore ISI on Adobe (ADBE) Earnings, '2H Commentary is Encouraging'
March 22, 2022 5:36 PM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $700.00 price target on Adobe (NASDAQ: ADBE).
The analyst comments "It was a solid F1Q print and while there is some noise in the F2Q guide, we believe the commentary around a... More
Adobe (ADBE) Falls on Slight Q1 Beat, Weaker Outlook
March 22, 2022 4:45 PM EDTAdobe Systems (NASDAQ: ADBE) shares fell about 1% after-hours Tuesday after the company reported its Q1 results, with EPS of $3.37 coming in better than the consensus estimate of $3.34. Revenue grew 9% year-over-year to a record level of $4.26 billion, slightly above the consensus estimate of $4.24 billion.
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