Adobe (ADBE) PT Lowered to $540 at UBS, 'Creative ARR Falls Short � Take Two'

Adobe (ADBE) PT Lowered to $511 at HSBC, 'AI raises competitive threat'

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

Adobe (ADBE) PT Lowered to $630 at CFRA

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

Adobe (ADBE) PT Lowered to $610 at BMO Capital

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

Adobe (ADBE) PT Lowered to $685 at Melius, 'Wow, Adobe's story got confusing pretty fast'

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

Adobe (ADBE) PT Lowered to $650 at Evercore ISI, 'Smaller DM ARR Beat/Guide Offsets Enterprise Traction'

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

Adobe (ADBE) PT Lowered to $640 at BofA Securities, 'An intentional pivot to proliferation is the right tradeoff'

(Updated - March 15, 2024 4:59 AM EDT)

BofA Securities analyst Brad Sills lowered the price target on Adobe (NASDAQ: ADBE) to $640.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "An intentional pivot to proliferation is the right tradeoff. A still a... More

Adobe (ADBE) PT Lowered to $570 at JPMorgan, 'we see additional levers for steady ARR growth longer term'

(Updated - March 15, 2024 4:56 AM EDT)

JPMorgan analyst Mark Murphy lowered the price target on Adobe (NASDAQ: ADBE) to $570.00 (from $600.00) while maintaining a Neutral rating.

The analyst comments "Adobes large and diversified product set across its digital media and digital experiences offerings continues to position the company... More

Adobe (ADBE) PT Lowered to $525 at Baird, 'Good Quarter but Mixed Guidance'

(Updated - March 15, 2024 4:55 AM EDT)

Baird analyst Rob Oliver lowered the price target on Adobe (NASDAQ: ADBE) to $525.00 (from $590.00) while maintaining a Neutral rating.

The analyst comments "Adobe reported a solid quarter, though provided guidance that fell below high expectations.... More

Adobe (ADBE) PT Lowered to $630 at RBC Capital, 'Generative hallucination'

(Updated - March 15, 2024 4:54 AM EDT)

RBC Capital analyst Matthew Swanson lowered the price target on Adobe (NASDAQ: ADBE) to $630.00 (from $650.00) while maintaining a Outperform rating.

The analyst comments "A solid start to the year was overshadowed by an underwhelming Q2 DM... More

Stocks expected to have increasing option volume: ADBE JBL ULTA X CLF BKL MDGL GERN CDLX BLNK PSNY NUE GETY WW LAC

Stocks expected to have increasing option volume: ADBE JBL ULTA X CLF BKL MDGL GERN CDLX BLNK PSNY NUE GETY WW LAC

Adobe (ADBE) PT Lowered to $630 at Barclays

Barclays analyst Saket Kalia lowered the price target on Adobe (NASDAQ: ADBE) to $630.00 (from $700.00) while maintaining a Overweight rating.... More

Adobe (ADBE) PT Lowered to $700 at Piper Sandler, 'Solid Start to Year'

(Updated - March 15, 2024 4:55 AM EDT)

Piper Sandler analyst Brent Bracelin lowered the price target on Adobe (NASDAQ: ADBE) to $700.00 (from $705.00) while maintaining a Overweight rating.

The analyst comments "Mixed messages are hard to interpret. Actual results were solid evident by 15% and 18% growth in ARR and... More

Adobe (ADBE) PT Lowered to $625 at Stifel, 'Small Beat, Market Wants More Firefly

(Updated - March 15, 2024 4:14 AM EDT)

Stifel analyst Parker Lane lowered the price target on Adobe (NASDAQ: ADBE) to $625.00 (from $650.00) while maintaining a Buy rating.

The analyst comments "A relatively clean 1Q print (ex-Figma breakup fee) was overshadowed by disappointing guidance around net... More

After-hours movers: Adobe Systems slumps; Rivian, Ulta Beauty gain

After-Hours Stock Movers:

Adobe Systems (NASDAQ: ADBE) declined 10% after issuing second quarter revenue guidance that trailed estimates.

Rivian Automotive (NASDAQ: RIVN) climbed 2% after analysts at Piper Sandler upgraded the stock to... More

Adobe reports weaker guidance on key revenue metric for Q2; shares slump

Investing.com - Adobe reported Thursday softer-than-expected guidance on a key revenue metric for the current quarter, adding to concerns that rising competition is stifling growth.

Adobe Systems Incorporated (NASDAQ: ADBE) shares fell 9% in after-hours trade following the report.

For... More

Adobe Systems (ADBE) Tops Q1 EPS by 10c, Offers Guidance

Adobe Systems (NASDAQ: ADBE) reported Q1 EPS of $4.48, $0.10 better than the analyst estimate of $4.38. Revenue for the quarter came in at $5.18 billion versus the consensus estimate of $5.14 billion.

GUIDANCE:

Adobe Systems sees Q2 2024 EPS of $4.35-$4.40, versus the consensus of... More

Adobe Systems (ADBE) Announces $25B Share Buyback

Adobe (Nasdaq: ADBE) announced that its board of directors has approved a new stock repurchase authorization, granting the company authority to repurchase up to $25 billion in common stock through March 14, 2028. Under the program, which is designed to return value to Adobes stockholders, minimize dilution from stock issuances, and reduce share count over time, the company may... More

Adobe Systems (ADBE) option implied volatility into quarter results

Adobe Systems (NASDAQ: ADBE) March call option implied volatility is at 169, March weekly is at 45; compared to its 52-week range of 24 to 48 into the expected release of quarter results today after the bell.

Adobe Systems (ADBE) March 575 straddle into quarter results

Adobe Systems (NASDAQ: ADBE) March 575 straddle priced for a move of 7.5% into the expected release of quarter results today.

Adobe Systems (ADBE) call put ratio 2 calls to 1 put into quarter results

Adobe Systems (NASDAQ: ADBE) March call option implied volatility is at 119, March weekly is at 43; compared to its 52-week range of 24 to 48 into the expected release of quarter results after the bell on March 14.

Adobe Systems (ADBE) March 580 straddle into quarter results

Adobe Systems (NASDAQ: ADBE) March 580 straddle priced for a move of 7.5% into the expected release of quarter results on March 14.