Adobe (ADBE) Price Target Cut to $350 Ahead of Earnings Release
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowStifel has lowered its price target for Adobe Inc. (ADBE) from $400 to $350, while maintaining a Buy rating. Analyst J. Parker Lane anticipates an organic revenue beat of approximately 1.5% for the upcoming quarter, despite concerns regarding Adobe’s near-term outlook. Citigroup also raised its price target from $253 to $264, suggesting a potential upside of about 14%. Both firms acknowledge challenges related to the fiscal 2026 outlook and pricing benefits in the second half of the year.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Adobe Inc. (ADBE)
Adobe is the leader in creative and document software - Photoshop, Acrobat, and the Creative Cloud and Experience Cloud subscription suites.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ADBE news
- Adobe (ADBE) CFO Departure Raises Concerns for Software Sector
- Stocks Midday Moves: SpaceX, Adobe, Seagate Among Biggest Movers
- Adobe (ADBE) and AMD Stocks Show Premarket Movement Trends
- Adobe (ADBE) Downgraded Due to ARR Concerns and CFO Departure
- Adobe (ADBE) Stock Downgraded by Three Analysts Following CFO Exit
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