Page 183 - Document Cloud News Today

Better-than-expected revenue and earnings were overshadowed by the company's outlook.

Adobe (NASDAQ:ADBE – Get Rating) had its price objective lowered by Mizuho from $530.00 to $480.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the software company’s stock. Mizuho’s price objective indicates a potential upside of 31.48% from the company’s current price. Other research […]

Adobe (NASDAQ:ADBE – Get Rating) issued its quarterly earnings results on Thursday. The software company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04, RTT News reports. Adobe had a return on equity of 36.47% and a net margin of 29.90%. During the same period in the […]

Like some other large software companies, Adobe pointed to foreign-exchange rates when it announced its latest forecast.

Adobe (NASDAQ:ADBE – Get Rating) had its target price cut by analysts at Cowen from $550.00 to $520.00 in a report issued on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the software company’s stock. Cowen’s target price would indicate a potential upside of 42.43% from the stock’s previous close. […]

Adobe (NASDAQ:ADBE – Get Rating) had its price target cut by stock analysts at Wells Fargo & Company from $525.00 to $425.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the software company’s stock. Wells Fargo & Company‘s price objective would suggest a potential […]

Adobe (NASDAQ:ADBE – Get Rating) had its price target decreased by equities researchers at Evercore ISI from $650.00 to $475.00 in a research note issued on Friday, The Fly reports. Evercore ISI’s price objective would suggest a potential upside of 37.68% from the company’s current price. A number of other analysts also recently issued reports […]

Adobe Inc. (NASDAQ:ADBE – Get Rating) gapped down before the market opened on Friday after Evercore ISI lowered their price target on the stock from $650.00 to $475.00. The stock had previously closed at $365.08, but opened at $350.69. Adobe shares last traded at $355.98, with a volume of 50,259 shares changing hands. ADBE has […]

Read the latest stock market news on MarketBeat. Get real-time analyst ratings, dividend information, earnings results, financials, headlines, insider trades and options data for any stock.

Adobe cited foreign-exchange challenges, along with other software companies, as well as the war in Ukraine when it gave lower-than-expected guidance.