Adobe (ADBE) PT Lowered to $360 at Mizuho Securities

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Go back to Adobe (ADBE) PT Lowered to $360 at Mizuho Securities

Adobe Earns Several Downgrades as $20 Billion Figma Deal is a Near Term Overhang

September 16, 2022 7:38 AM EDT

Analysts described Adobes (NASDAQ: ADBE) $20 billion deal to buy design firm Figma as extremely expensive, with the cost of financing the deal pushing several firms to downgrade the stock.

For Jefferies analysts, the Figma deal looks pricey vs. expected year-end ARR of $400M. Bank of America analyst Brad Sills cut the rating to... More