Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group

Adobe Systems (ADBE) falls as U.S. sues over subscription plan disclosures

Shares 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

Popular stocks with increasing volume: ADBE MU SHOP CCL AVGO

Popular stocks with increasing volume: ADBE MU SHOP CCL AVGO

Popular stocks with increasing volume: ADBE MU SHOP CCL AVGO

Popular stocks with increasing volume: ADBE MU SHOP CCL AVGO

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Popular stocks with increasing volume: ADBE ARM SMCI SOFI PLTR MSFT PFE AVGO BAC

Increasing unusual put option volume: DB ALTM MT CFG CORZ FXE BWA KEY TM MAXN ICLN RH ADBE

Increasing unusual put option volume: DB ALTM MT CFG CORZ FXE BWA KEY TM MAXN ICLN RH ADBE

Here's what analysts had to say about Adobe's latest earnings

Investing.com -- Adobe (NASDAQ: ADBE) raised its annual earnings guidance after the Photoshop-maker posted better-than-expected second-quarter results, sending shares in the California-based firm surging by over 14% in premarket trading.

For the three months ended May 31, Adobe reported adjusted earnings of $4.48 a share on revenue of $5.31 billion. Analysts polled by Investing.com had forecast $4.39 and $5.29 billion, respectively.

"Our highly differentiated approach to [artificial intelligence] and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users," said CEO Shantanu Narayen in a... More

Adobe surges as AI optimism fuels annual revenue forecast

(Reuters) -Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years, after the company raised its annual revenue forecast as more customers turned to its AI-powered editing tools.

The forecast allayed investor fears that Adobe, a major player in the market for editing tools for photos and videos, could lose... More

Midday movers: Adobe, Hasbro rise; GameStop and RH fall

(Updated - June 14, 2024 12:27 PM EDT)

Investing.com -- U.S. stock futures traded lower Friday, falling from record highs as investors digested a hawkish Federal Reserve against the backdrop of a cooling economy.

Here are some of the biggest U.S. stock movers today:

Adobe (NASDAQ: ADBE) stock soared 14% after the software giant raised its revenue forecast for fiscal 2024, expecting more demand for its artificial intelligence-powered... More

TD Cowen Reiterates Buy Rating on Adobe (ADBE)

TD Cowen analyst J. Derrick Wood reiterated a Buy rating and $625.00 price target on Adobe (NASDAQ: ADBE).

The analyst commented, "ADBE delivered a solid 2Q w/ NNARR beating guide by 11%, above the 5% beat last qtr & back in line w/ the... More

Adobe (ADBE) PT Raised to $580 at BMO Capital

BMO Capital analyst Keith Bachmann raised the price target on Adobe (NASDAQ: ADBE) to $580.00 (from $525.00) while maintaining a Outperform rating.

The analyst commented, "Adobe delivered about $45 million of net new ARR upside, which was much higher than we predicted, and also... More

Adobe (ADBE) PT Raised to $700 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the price target on Adobe (NASDAQ: ADBE) to $700.00 (from $675.00) while maintaining a Overweight rating.... More

Tesla shareholders back Musk pay package, Adobe's outlook - what's moving markets

Investing.com -- U.S. stock futures were mixed on Friday, after a streak of record high closes for the S&P 500 and Nasdaq Composite stretched into a fourth straight session. In a victory for Tesla (NASDAQ: TSLA) CEO Elon Musk, the electric carmaker's shareholders approved his $56 billion pay package. Adobe (NASDAQ: ADBE) shares spike in extended hours trading after the Photoshop-maker lifts its annual financial guidance.

1. Futures mixed

U.S. futures were hovering around both sides of the flatline on... More

Adobe (ADBE) PT Raised to $545 at Baird

(Updated - June 14, 2024 6:22 AM EDT)

Baird analyst Rob Oliver raised the price target on Adobe (NASDAQ: ADBE) to $545.00 (from $525.00) while maintaining a Neutral rating.

The analyst commented: "Adobe reported solid 2Q'24 results into expectations that were quite low. We... More

RBC Capital Reiterates Outperform Rating on Adobe (ADBE)

RBC Capital analyst Alex Zukin reiterated an Outperform rating and $600.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "Q2 results came in ahead of expectations and the high-end of guidance with the highlight being net-new digital media ARR of $487M, which... More

BofA Securities Reiterates Buy Rating on Adobe (ADBE)

BofA Securities analyst Brad Sills reiterated a Buy rating and $640.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "Adobe delivered a clean beat and raise quarter, a welcome relief following disappointing results across the software group in recent weeks. Net new Digital Media... More

JPMorgan Upgrades Adobe (ADBE) to Overweight

JPMorgan analyst Mark Murphy upgraded Adobe (NASDAQ: ADBE) from Neutral to Overweight with a price target of $580.00 (from $570.00).

The analyst comments "Over the last four years, Adobe shares have been fairly flattish (underperforming the IGV Index by ~40pts) with the stock trading well below highs of ~$700/share and even more recently materially off its 52-week high of ~$640/share. We avoided the multi-year period of underperformance and the YTD period of underperformance, and while we missed the recent bottom, we pointed out several positive developments in our preview. More specifically, in our preview we... More

Evercore ISI Reiterates Outperform Rating on Adobe (ADBE)

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $650.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "In our view, F2Q results help highlight the durability of Adobes Creative business and the early impact from Firefly (and Express) on CC NNARR. Clearly, the key for the quarter was... More

Goldman Sachs Reiterates Buy Rating on Adobe (ADBE)

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $640.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "We reiterate our Buy rating and $640 Price Target following ADBEs F2Q24 print. We believe results support our conviction that ADBEs continued innovation and execution will favorably position them against fundamental technological shifts (e.g. Gen-AI), and an increase in (perceived) competition. Additionally, ADBE remains one of few companies... More

DA Davidson Reiterates Buy Rating on Adobe (ADBE)

DA Davidson analyst Gil Luria reiterated a Buy rating and $685.00 price target on Adobe (NASDAQ: ADBE).

The analyst comments "Adobe reported strong results with the primary driver of the positive stock movement being the net new digital media ARR beat and FY24 guidance raise.... More

Stocks expected to have increasing option volume: ADBE RL GME

Stocks expected to have increasing option volume: ADBE RL GME

Adobe (ADBE) PT Raised to $650 at Barclays

(Updated - June 14, 2024 2:40 PM EDT)

Barclays analyst Saket Kalia raised the price target on Adobe (NASDAQ: ADBE) to $650.00 (from $630.00) while maintaining a Overweight rating.

The analyst commented, "Three key points on Adobe's 2Q: (1) net new ARR of $487M came in... More

Adobe (ADBE) PT Raised to $560 at UBS

UBS analyst Karl Keirstead raised the price target on Adobe (NASDAQ: ADBE) to $560.00 (from $540.00) while maintaining a Neutral rating.... More

Adobe (ADBE) PT Raised to $450 at KeyBanc

(Updated - June 14, 2024 8:39 AM EDT)

KeyBanc analyst Jackson Ader raised the price target on Adobe (NASDAQ: ADBE) to $450.00 (from $445.00) while maintaining a Underweight rating.

The analyst commented, "A solid quarter and a bit of a relief on net-new... More

After-hours movers: Adobe, RH, GME, and more

After-Hours Stock Movers:

Adobe Systems (NASDAQ: ADBE) rose 14% after it reported solid second quarter results and updated guidance for the year. The company's CEO said the company's highly differentiated approach to AI and innovative product delivery are... More

Adobe delivers upbeat earnings guidance as Q2 results top estimates

Investing.com - Adobe reported Thursday better-than-expected second-quarter results and upbeat earnings guidance, shrugging off a weaker backdrop for enterprise software.

Adobe Systems Incorporated (NASDAQ: ADBE) shares are trading over 14% higher in afterhours following the news.

For the three months ended May... More

Adobe raises full-year revenue forecast on robust software demand

By Zaheer Kachwala

(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy.

Shares of the San Jose, California-based company jumped more than 16% in extended trading.

The company now expects revenue of between $21.40 billion and $21.50 billion, compared with its prior forecast of between $21.30 billion and $21.50 billion. Analysts on average expected $21.46 billion, according to... More

Adobe Systems (ADBE) Tops Q2 EPS by 9c, Offers Guidance

(Updated - June 13, 2024 4:09 PM EDT)

Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $4.48, $0.09 better than the analyst estimate of $4.39. Revenue for the quarter came in at $5.31 billion versus the consensus estimate of $5.29 billion.

GUIDANCE:

Adobe Systems sees Q3 2024... More

Adobe Systems (ADBE) June weekly (14) option implied volatility into quarter results

Adobe Systems (NASDAQ: ADBE) June weekly (14) call option implied volatility is at 169, June is at 71; compared to its 52-week range of 24 to 48 into the expected release of quarter results today after the bell.

Adobe Systems (ADBE) June weekly 460 straddle into quarter results

Adobe Systems (NASDAQ: ADBE) June weekly 460 straddle priced for a move of 7% into the expected release of quarter results today after the bell.