Adobe reports weaker guidance on key revenue metric for Q2; shares slump
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Adobe (ADBE) PT Lowered to $511 at HSBC, 'AI raises competitive threat'
March 15, 2024 8:27 AM EDTHSBC 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
Adobe (ADBE) PT Lowered to $630 at CFRA
March 15, 2024 8:10 AM EDTCFRA 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
Adobe (ADBE) PT Lowered to $610 at BMO Capital
March 15, 2024 6:41 AM EDTBMO 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
Adobe (ADBE) PT Lowered to $685 at Melius, 'Wow, Adobe's story got confusing pretty fast'
March 15, 2024 6:04 AM EDTMelius 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
Adobe (ADBE) PT Lowered to $650 at Evercore ISI, 'Smaller DM ARR Beat/Guide Offsets Enterprise Traction'
March 15, 2024 6:01 AM EDTEvercore 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
