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

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

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

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

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

After-Hours Stock Movers:

Adobe Systems (NASDAQ: ADBE) fell 8% after it issued guidance for its fourth quarter that trailed estimates. Adobe Systems sees fourth quarter revenue of $5.5-5.55 billion, versus the consensus of $5.6... More

Adobe Systems (ADBE) Tops Q3 EPS by 12c, Offers Guidance

(Updated - September 12, 2024 4:07 PM EDT)

Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $4.65, $0.12 better than the analyst estimate of $4.53. Revenue for the quarter came in at $5.41 billion versus the consensus estimate of $5.37 billion.

GUIDANCE:

Adobe Systems sees Q4 2024 EPS of... More

Adobe Systems (ADBE) 19K contracts trade into quarter results and outlook

Adobe Systems (NASDAQ: ADBE) 30-day option implied volatility is at 42; compared to its 52-week range of 23 to 48 into quarter results expected to be release today after the bell.

ADBE earnings preview: Can AI reignite the momentum?

As Adobe Inc. gears up to report its results on Thursday, the focus is on whether Adobe can build on its recent stock rebound and leverage its AI-driven innovations to drive further growth.Adobe Systems (NASDAQ: ADBE)

Adobe's stock has rallied about 24% since its second quarter earnings, reflecting renewed investor confidence.

Despite this recovery, the stock remains down by 4% year-to-date, underperforming broader indices such as the IGV (+5%) and COMP (+14%).

Currently, Adobes valuation stands at about 26.6x CY25 EV/FCF, which is 12% below the large-cap peer median of 30x.

This... More

Adobe Systems (ADBE) September 13 weekly options active into quarter results

Adobe Systems (NASDAQ: ADBE) September 13 weekly call option implied volatility is at 157, September is at 66; compared to its 52-week range of 23 to 48 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1 put with focus on September 13 weekly options.

Adobe Systems (ADBE) call put ratio 1 call to 1.2 puts into quarter results

Adobe Systems (NASDAQ: ADBE) September 13 weekly 580 straddle priced for a move of 8% into the expected release of quarter results today after the bell. Call put ratio 1 call to 1.2 puts.

Stocks expected to have increasing option volume: ADBE KR SIG CBRL IBM NSC NTGR

Stocks expected to have increasing option volume: ADBE KR SIG CBRL IBM NSC NTGR

Adobe Systems (ADBE) call put ratio 1 call to 1.4 puts into quarter results

Adobe Systems (NASDAQ: ADBE) September 13 weekly call option implied volatility is at 127, September is at 69; compared to its 52-week range of 23 to 48 into the expected release of quarter results after the bell on September 12. Call put ratio 1 call to 1.4 puts.

Adobe to launch generative AI video creation tool later this year

By Deborah Mary Sophia

(Reuters) - Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker said on Wednesday, as it looks to beef up its suite of applications catering to creative professionals.

Dubbed Adobe Firefly Video Model, the artificial intelligence tool will be released in beta and will join the Photoshop maker's existing line of Firefly image-generating applications that allow users to produce still images, designs and vector... More

Adobe Systems (ADBE) Previews Upcoming Firefly Video Model

Today, Adobe (Nasdaq: ADBE) previewed advancements to its generative AI video capabilities, powered by the Adobe Firefly Video Model. First previewed earlier this year, Adobes... 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 "Heading into Adobes FQ3 earnings results, we reaffirm our positive fundamental bias on the setup for the 2H of the year, while we continue to see upside from current levels despite ADBE shares having traded up in the past several months. As a reminder, we held an upbeat tone heading into FQ2 earnings when investor expectations had soured, and following results we upgraded ADBE shares (see note here) in June, noting our expectation for... More

Adobe Systems (ADBE) September 13 weekly 575 straddle priced into quarter results

Adobe Systems (NASDAQ: ADBE) September 13 weekly 575 straddle priced for a move of 8% into the expected release of quarter results after the bell on September 12.

Stocks expected to have increasing option volume: ADBE GME CBRL WOOF DBI AMD

Stocks expected to have increasing option volume: ADBE GME CBRL WOOF DBI AMD

Adobe Systems (ADBE) September 13 weekly option implied volatility above 100 into the expected release of quarter results

Adobe Systems (NASDAQ: ADBE) September 13 weekly call option implied volatility is at 104, September is at 63; compared to its 52-week range of 23 to 48 into the expected release of quarter results after the bell on September 12.

Mizuho Reiterates Outperform Rating on Adobe (ADBE)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $640.00 price target on Adobe (NASDAQ: ADBE).

The analyst commented: "ADBE will report F3Q results Thursday. While investor sentiment on ADBE has certainly improved, it remains negative overall. Our enterprise checks this... More