Adobe (ADBE) PT Lowered to $420 at BMO Capital

Adobe (ADBE) PT Lowered to $500 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Adobe (NASDAQ: ADBE) to $500.00 (from $550.00) while maintaining a Buy rating.

The analyst commented, "FQ2 delivered a small beat, and it reiterated FY22 net new DM ARR guide as it does not see... More

Adobe (ADBE) PT Lowered to $540 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on Adobe (NASDAQ: ADBE) to $540.00 (from $595.00) while maintaining a Buy rating.... More

Adobe (ADBE) PT Lowered to $450 at Baird

Baird analyst Rob Oliver lowered the price target on Adobe (NASDAQ: ADBE) to $450.00 (from $550.00) while maintaining an Outperform rating following earnings.

Adobe (ADBE) PT Lowered to $425 at Wells Fargo

Wells Fargo analyst Michael Turrin lowered the price target on Adobe (NASDAQ: ADBE) to $425.00 (from $525.00) while maintaining a Overweight rating.... More

Adobe (ADBE) PT Lowered to $500 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the price target on Adobe (NASDAQ: ADBE) to $500.00 (from $575.00) while maintaining a Buy rating.... More

Adobe (ADBE) PT Lowered to $450 at BofA Securities

BofA Securities analyst Brad Sills lowered the price target on Adobe (NASDAQ: ADBE) to $450.00 (from $560.00) while maintaining a Buy rating.... More

Adobe (ADBE) PT Lowered to $520 at Cowen

Cowen analyst J. Derrick Wood lowered the price target on Adobe (NASDAQ: ADBE) to $520.00 (from $550.00) while maintaining a Outperform rating following earnings.

The analyst commented, "ADBE delivered a solid qtr w/ net new DM ARR beating guide by ~5.5%, while DX... More

Adobe (ADBE) PT Lowered to $430 at Piper Sandler as 4Q Guidance Looks Like a Stretch

Piper Sandler analyst Brent Bracelin lowered the price target on Adobe (NASDAQ: ADBE) to $430.00 (from $545.00) after strong Q2 results were overshadowed by the reiteration of a $1.9B net new ARR guide for the full-year. This guidance implies Q4 demand needs to be well... More

Adobe (ADBE) PT Lowered to $480 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz lowered the price target on Adobe (NASDAQ: ADBE) to $480.00 (from $530.00) while maintaining a Buy rating.... More

Adobe Stock Dips on Slashed Guidance, Citi Says Outlook Could Disappoint Again

Shares of Adobe (NASDAQ: ADBE) are down over 3.3% in pre-open Friday after the company reported FQ2 results and slashed its full-year guidance.

Adobe reported an adjusted EPS of $3.35 to beat the $3.31 expected by the market. Revenue came in at $4.39 billion, up 14% YoY and again higher than the $4.35 billion consensus.

For this quarter, Adobe said it expects to earn $3.33 per share on revenue of $4.43 billion. Analysts were looking for EPS of $3.40 on sales of $4.52 billion.

The full-year revenue guidance was cut to $17.65... More

Adobe (ADBE) PT Lowered to $445 at Barclays

Barclays analyst Saket Kalia lowered the price target on Adobe (NASDAQ: ADBE) to $445.00 (from $530.00) while maintaining a Overweight rating.... More

Adobe (ADBE) PT Lowered to $400 at Oppenheimer

Oppenheimer analyst Brian Schwartz lowered the price target on Adobe (NASDAQ: ADBE) to $400.00 (from $560.00) while maintaining a Outperform rating.... More

Adobe (ADBE) PT Lowered to $425 at Credit Suisse

Credit Suisse analyst Phil Winslow lowered the price target on Adobe (NASDAQ: ADBE) to $425.00 (from $525.00) while maintaining a Neutral rating.... More

Adobe (ADBE) PT Lowered to $380 at Citi

Citi analyst Tyler Radke lowered the price target on Adobe (NASDAQ: ADBE) to $380.00 (from $425.00) while maintaining a Neutral rating.... More

Adobe (ADBE) PT Lowered to $500 at Stifel

Stifel analyst Parker Lane lowered the price target on Adobe (NASDAQ: ADBE) to $500.00 (from $600.00) while maintaining a Buy rating.... More

Adobe Systems (ADBE) Tops Q2 EPS by 4c, Guidance Misses Consensus

Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $3.35, $0.04 better than the analyst estimate of $3.31. Revenue for the quarter came in at $4.39 billion versus the consensus estimate of $4.34 billion.

GUIDANCE:

Adobe Systems sees Q3 2022 EPS of $3.33, versus the consensus of $3.40. Adobe... More