Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/17/2026
- L3Harris CEO steps down amid conduct review, shares drop
- Reddit leads social media platforms in revenue growth per user
- Piper Sandler Starts SoFi Technologies (SOFI) at Overweight
- Fulcrum Therapeutics to merge with Slate Medicines in all-stock deal
- Six dead in 'stampede-like' incident at India temple, ANI says
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
