After-hours movers: Adobe Systems, RH, Oracle and more

Melius Upgrades Oracle (ORCL) to Buy, 'Larry's Encore Should Last a While'

Melius analyst Ben Reitzes upgraded Oracle (NYSE: ORCL) from Hold to Buy with a price target of $20.00.

The analyst comments "Upgrading Oracle to Buy with $210 target: Larry is on a roll - and it should continue. The Oracle Founder isn't... More

Oracle (ORCL) PT Raised to $172 at CFRA

CFRA analyst Angelo Zino raised the price target on Oracle (NYSE: ORCL) to $172.00 (from $150.00) while maintaining a Hold rating.

The analyst comments "We up our 12-month target to $172 from $150, on a higher revised P/E of 25x our CY 25 EPS estimate of $6.88,... More

Restoration Hardware (RH) PT Raised to $309 at CFRA

CFRA analyst Ana Garcia raised the price target on Restoration Hardware (NYSE: RH) to $309.00 (from $293.00) while maintaining a Hold rating.

The analyst comments "Our 12-month target of $309, up $16, is 26.5x our FY 26 EPS view of $11.67 (down $1.95; FY 25 cut $0.17 to $6.31), near... More

Citi Reiterates Neutral Rating on Oracle (ORCL)

Citi analyst Tyler Radke reiterated a Neutral rating and $157.00 price target on Oracle (NYSE: ORCL).

The analyst comments "A good week for ORCL continued with Thursdays analyst day which featured a strong message around OCI and the conversion opportunity in Apps/Database.... More

Oracle (ORCL) PT Raised to $200 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the price target on Oracle (NYSE: ORCL) to $200.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Our time at Oracle's CloudWorld conference and related analyst meeting reinforces our confidence in the company's continued cloud momentum (OCI + AI +... More

RBC Capital Reiterates Outperform Rating on Adobe (ADBE)

RBC Capital analyst Alex Zukin reiterated an Outperform rating and $610.00 price target on Adobe (NASDAQ: ADBE)

The analyst comments "Q3 results were strong headlined by DM net-new ARR outperformance of 9.5% as well as solid revenue performance flowing through to profitability. Results and... 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 comments "3Q NNARR beat guide by ~10%, similar to last qtr & above the ~5% beat in 1Q & growth was the highest in 3+ years.... More

Wolfe Research Reiterates Outperform Rating on Adobe (ADBE)

Wolfe Research analyst Alex Zukin reiterated an Outperform rating and $685.00 price target on Adobe (NASDAQ: ADBE)

The analyst comments "ADBE's competitive positioning of its Digital Media offerings in a changing creative landscape was previously challenged by investors when it had announced plans to acquire Figma. Since then, ADBE has begun rolling... More

Oracle (ORCL) PT Raised to $140 at JPMorgan

JPMorgan analyst Mark Murphy raised the price target on Oracle (NYSE: ORCL) to $140.00 (from $120.00) while maintaining a Neutral rating.

The analyst comments "We have a Neutral rating on Oracle. We think the presence of a resilient, sticky, and largely recurring revenue stream with... More

JPMorgan Reiterates Overweight Rating on Adobe (ADBE)

JPMorgan analyst Mark Murphy reiterated an Overweight rating and $580.00 price target on Adobe (NASDAQ: ADBE)

The analyst comments "Adobes large and diversified product set across its digital media and digital experiences offerings continues to position the company as a multi-year compounder in the software landscape with a premium business model and leading brand... 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 "Bottom line: Adobe delivered strong F3Q results with revenue growth, DM NNARR, and EPS all coming in ahead of expectations (DM NNARR of ~$504 was ~$45mn ahead of guidance, so a nice beat). However, a weaker than anticipated F4Q guide with several moving parts led to NNARR guidance for F4Q being ~$20mn lower than we/Street were expecting based on the implied 4Q guide last quarter. So to unpack the moving... 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 shares were down 10% after reporting what we believe to be strong results due to a lower than expected net new digital media... 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 shares were down 10% after reporting what we believe to be strong results due to a lower than expected net new digital media... More

Telsey Reiterates Market Perform Rating on Restoration Hardware (RH)

Telsey analyst Cristina Fernandez reiterated a Market Perform rating and $290.00 price target on Restoration Hardware (NYSE: RH).

The analyst comments "TAG View: RH's 2Q24 revenues and operating margin were inline with the company's guidance, while EPS of $1.69 beat the FactSet (FS) consensus of $1.56. After most... 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 our $640 price target following Adobes F3Q24 earnings. Despite outperforming Consensus on DM NNARR ($504MM vs. Consensus $462MM), moderately on revenue growth (+11% vs. Consensus +10%), and OPM (47% vs. Consensus 46%), the stock is down -9% AH on weaker-than-expected F4Q DM NNARR... More

Adobe (ADBE) PT Lowered to $616 at Citi

Citi analyst Tyler Radke lowered the price target on Adobe (NASDAQ: ADBE) to $616.00 (from $621.00) while maintaining a Neutral rating.

The analyst comments "Adobe put up another strong beat in 3Q with some help from favorable large deal timing. This was offset... More

Wayfair (W) Trades Higher in Sympathy with RH (RH)

Wayfair (NYSE: W) Trades Higher in Sympathy with RH (NYSE: RH)

Evercore ISI on Adobe (ADBE): 'F3Q results were actually quite strong'

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

The analyst comments "Bottom line: F3Q results were actually quite strong, with NNARR beating by ~$45mn, again towards that higher $40-50mn beat... More