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Adobe Systems (ADBE) falls as U.S. sues over subscription plan disclosures
June 17, 2024 12:44 PM EDTShares of Adobe Systems (NASDAQ: ADBE) fell over 2% Monday after the U.S. government sued the company. In addition, the Federal Trade Commission (FTC) also said it is taking action.
They accuse the Photoshop and Acrobat owner of hurting customers by registering them in its most lucrative subscription plans without clearly disclosing important terms.
The government filed a complaint in the San Jose, California,... More
Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group
June 17, 2024 5:52 AM EDTBernstein SocGen Group analyst Mark Moerdler raised the price target on Adobe (NASDAQ: ADBE) to $660.00 (from $653.00) while maintaining a Outperform rating.
The analyst comments "Adobe had a good quarter with beats on all major metrics, full-year guidance raises, and the stock subsequently up over 15% in the aftermarket. The... More
