Form 4 ADOBE INC. For: Jun 14 Filed by: Wadhwani David
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Wall Street analysts encouraged by Adobe Systems (ADBE) Q2 earnings
June 16, 2023 7:32 AM EDTAdobe Systems (NASDAQ: ADBE) reported positive second-quarter earnings after the close on Thursday, topping analyst consensus expectations.
The software firm reported Q2 EPS of $3.91, $0.12 better than the analyst estimate of $3.79, while revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.77 billion.
Here's how Wall Street analysts reacted to the report:
Wells Fargo's Michael Turrin raised the firm's price target on the stock to $600 from $525, maintaining an Overweight rating.
"ADBE's Q2 results are likely to keep the recent momentum going, as the company... More
