UPDATE: Barclays Downgrades Adobe (ADBE) to Equalweight

'Buying Growth Doesn't Come Cheap' - Morgan Stanley on Adobe's Figma Deal

Morgan Stanley analyst Keith Weiss cuts the price target on Adobe (NASDAQ: ADBE) to $337 from $362.

"The proposed acquisition of Figma brings a new asset to support LT growth in Digital Media, but also increased investor concerns on the trajectory of growth in the organic... More

Stocks expected to have increasing option volume: SMG ADBE GPS

Stocks expected to have increasing option volume: SMG ADBE GPS

UPDATE: BofA Securities Downgrades Adobe (ADBE) to Neutral

(Updated - September 16, 2022 6:09 AM EDT)

BofA Securities analyst Brad Sills downgraded Adobe (NASDAQ: ADBE) from Buy to Neutral with a price target of $350.00 (from $450.00).

The analyst comments "Adobe reported largely in line Q3 results and Q4 outlook. Total... More

Adobe (ADBE) PT Lowered to $350 at Evercore ISI

Evercore ISI analyst Kirk Materne lowered the price target on Adobe (NASDAQ: ADBE) to $350.00 (from $475.00) while maintaining a Outperform rating.... More

Adobe (ADBE) PT Lowered to $340 at Citi

Citi analyst Tyler Radke lowered the price target on Adobe (NASDAQ: ADBE) to $340.00 (from $388.00) while maintaining a Neutral rating.... More

Adobe (ADBE) PT Lowered to $337 at Morgan Stanley

Morgan Stanley analyst Keith Weiss lowered the price target on Adobe (NASDAQ: ADBE) to $337.00 (from $362.00) while maintaining a Equalweight rating.... More

UPDATE: Baird Downgrades Adobe (ADBE) to Neutral

(Updated - September 16, 2022 6:50 AM EDT)

Baird analyst Rob Oliver downgraded Adobe (NASDAQ: ADBE) from Outperform to Neutral with a price target of $355.00 (from $450.00).

The analyst comments "Adobe reported a solid Q3'23, but the main story was its $20B acquisition of Figma, a... More

Adobe (ADBE) PT Lowered to $345 at BMO Capital

BMO Capital analyst Keith Bachmann lowered the price target on Adobe (NASDAQ: ADBE) to $345.00 (from $435.00) while maintaining a Market Perform rating.... More

Adobe (ADBE) PT Lowered to $400 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the price target on Adobe (NASDAQ: ADBE) to $400.00 (from $500.00) while maintaining a Buy rating.... More

Adobe (ADBE) PT Lowered to $375 at Stifel

Stifel analyst Parker Lane lowered the price target on Adobe (NASDAQ: ADBE) to $375.00 (from $500.00) while maintaining a Buy rating.... More

Adobe (ADBE) PT Lowered to $340 at Wolfe Research

Wolfe Research analyst Alex Zukin lowered the price target on Adobe (NASDAQ: ADBE) to $340.00 (from $470.00) while maintaining a Outperform rating.... More

Adobe (ADBE) PT Lowered to $350 at Credit Suisse

Credit Suisse analyst Phil Winslow lowered the price target on Adobe (NASDAQ: ADBE) to $350.00 (from $425.00) while maintaining a Neutral rating.... More

Popular stocks increasing volume: SBUX CHPT NIO SOFI ADBE TWTR AMC DKNG BABA AAL

Popular stocks increasing volume: SBUX CHPT NIO SOFI ADBE TWTR AMC DKNG BABA AAL

UPDATE: Oppenheimer Downgrades Adobe (ADBE) to Perform

(Updated - September 15, 2022 12:59 PM EDT)

Oppenheimer analyst Brian Schwartz downgraded Adobe (NASDAQ: ADBE) from Outperform to Perform.

The analyst commented, "Despite a decent F3Q22 from Adobe and our positive fundamental view of the company's positioning in creative, technology vision, and... More

Adobe Systems (ADBE) call put ratio 1.1 calls to 1 put as shares sell off 17%

Adobe Systems (NASDAQ: ADBE) September call option implied volatility is at 101, October is at 45; compared to its 52-week range of 22 to 58 into acquiring Figma for $20B in cash, stock. Call put ratio 1.1 calls to 1 put.

Adobe Systems (ADBE) September option implied volatility IV increases into acquiring Figma for $20B

Adobe Systems (NASDAQ: ADBE) September call option implied volatility is at 102, October is at 56; compared to its 52-week range of 22 to 58 into acquiring Figma for $20B in cash, stock. Call put ratio 1 call to 1 put.

Increasing unusual put option volume: IWO SBLK DOCS EWT ADBE CSX

Increasing unusual put option volume: IWO SBLK DOCS EWT ADBE CSX

Pre-Open Movers: Adobe Sinks on Deal to Acquire Figma, STOR Surges on Takeover

Pre-Open Stock Movers:

Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) 48% LOWER; announced topline results from the Phase 2 clinical trial of ELX-02 in combination with ivacaftor in Class 1 cystic fibrosis (CF) patients with at least one nonsense mutation. The combination trial of ELX-02 with ivacaftor was well tolerated but did not achieve statistical significance for efficacy endpoints, including changes from baseline in sweat chloride concentration (SCC) and percent forced expiratory volume (FEV1).

IronNet (NYSE: IRNT) 44% LOWER;... More

Adobe Falls 10% on Deal to Buy Design Firm Figma for $20 Billion, Analyst Sees Regulatory Risk

Shares of Adobe (NASDAQ: ADBE) are down 10% in premarket Thursday trading after the company reported FQ3 earnings and said it will acquire design platform Figma for $20 billion in cash and stock.

Adobe reported Q3 EPS of $3.40 to beat the analyst estimate of $3.33. Revenue... More

UPDATE: Adobe Systems (ADBE) Q3 EPS Tops Consensus, Offers Q4 Guidance

(Updated - September 15, 2022 8:08 AM EDT)

(Update to consensus estimate)

Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $3.40, better than the analyst estimate of $3.33. Revenue for the quarter came in at $4.43 billion versus the consensus estimate of $4.43... More

Adobe Systems (ADBE) to Acquire Figma for Approximately $20 billion

Today, Adobe (Nasdaq: ADBE) announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.

Adobes mission is to change the world through digital experiences. Today, the digital economy runs on Adobes tools and platforms, and throughout its history, the companys innovations have touched billions of lives across the globe. From revolutionizing imaging and creative expression with Photoshop; to pioneering electronic... More

Adobe to buy Figma in $20 billion bid on future of work that spooks investors

By Chavi Mehta, Tiyashi Datta and Krystal Hu

(Reuters) -Adobe Inc agreed on Thursday to acquire cloud-based designer platform Figma for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker.

The cash-and-stock deal, the biggest buyout of a privately-owned software startup, will give Adobe ownership of a company whose web-based collaborative platform for designs and brainstorming is widely popular among tech firms including Zoom Video Communications, Airbnb Inc and Coinbase.

Adobe Chief Executive Officer Shantanu Narayen hailed Figma's... More

Adobe Systems (ADBE) to Buy Figma for About $20 Billion - DJ

Adobe Systems (NASDAQ: ADBE) to Buy Figma for About $20 Billion - DJ

UPDATE: Adobe Systems (ADBE) Said Near Deal to Buy Figma - Bloomberg

(Updated - September 15, 2022 7:20 AM EDT)

Adobe Systems (NASDAQ: ADBE) Said Near Deal to Buy Figma - Bloomberg

Cowen Reiterates Outperform Rating on Adobe (ADBE) Into Expected 'Mixed' Qtr

Cowen analyst J. Derrick Wood reiterated an Outperform rating and $520.00 price target on Adobe (NASDAQ: ADBE) ahead of results on 9/15, where they see a 'mixed' quarter but more constructive on digital media.

The analyst commented, "ADBE reports 3Q on 9/15. On Digital... More

Adobe Systems (ADBE) option prices increase into quarter results

Adobe Systems (NASDAQ: ADBE) September 367.50 straddle priced for a move of 7% into the expected release of quarter results after the bell on September 15.