Adobe Systems (ADBE) Tops Q1 EPS by 3c, Offers Guidance
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March 23, 2022 8:12 AM EDT
Jefferies 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
March 22, 2022 5:36 PM EDT
Evercore 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
March 22, 2022 4:45 PM EDT
Adobe 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.
Digital Media... More
