Adobe Systems (ADBE) Tops Q1 EPS by 10c, Offers Guidance
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March 15, 2024 8:27 AM EDT
HSBC analyst Stephen Bersey lowered the price target on Adobe (NASDAQ: ADBE) to $511.00 (from $557.00) while maintaining a Hold rating.
The analyst comments "Maintain Hold and cut TP to USD511.00 (USD557.00): We value Adobe using a PE multiple-based valuation metric. We apply our... More
March 15, 2024 8:10 AM EDT
CFRA analyst Angelo Zino lowered the price target on Adobe (NASDAQ: ADBE) to $630.00 (from $700.00) while maintaining a Buy rating.
The analyst comments "We reduce our 12-month target to $630 from $700, on P/E of 30x our CY 25 EPS view, below historical. We keep... More
March 15, 2024 6:41 AM EDT
BMO Capital analyst Keith Bachmann lowered the price target on Adobe (NASDAQ: ADBE) to $610.00 (from $660.00) while maintaining a Outperform rating.
The analyst comments "Adobe delivered a modest net new ARR beat, as we had suggested, but we think there was disappointment with... More
March 15, 2024 6:04 AM EDT
Melius analyst Ben Reitzes lowered the price target on Adobe (NASDAQ: ADBE) to $685.00 (from $735.00) while maintaining a Buy rating.
The analyst comments "Adobe will need to explain some things better at the Summit in Vegas. Wow, Adobe's story got confusing pretty fast.... More
March 15, 2024 6:01 AM EDT
Evercore ISI analyst Kirk Materne lowered the price target on Adobe (NASDAQ: ADBE) to $650.00 (from $700.00) while maintaining a Outperform rating.
The analyst comments "While we would argue that the pullback this morning seems a little extreme if one is taking a longer-term view, the skinner F1Q beat and F2Q net new ARR guide below the Street likely puts the upside case vs. the $1.9bn DM ARR guide... More
