Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
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TD Cowen Downgrades Adobe (ADBE) to Hold
December 12, 2024 6:13 AM ESTTD Cowen analyst J. Derrick Wood downgraded Adobe (NASDAQ: ADBE) from Buy to Hold with a price target of $550.00 (from $625.00).
The analyst comments "4Q NNARR beat guide by ~5%, its lowest % beat since 4Q22, and FY25 guide of +8-10% was below Street at +11%. A... More
