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Stock impact report

Barclays Reiterates Overweight Rating on Adobe (ADBE) [Yahoo! Finance]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: Yahoo! Finance
Adobe Inc. (NASDAQ: ADBE ) is one of the 12 best buy-the-dip stocks to buy according to Wall Street analysts . On March 4, Barclays reduced its price target on Adobe Inc. (NASDAQ:ADBE) to $335 from $415. The firm also maintained an Overweight rating on the stock. Despite the downward revision, the stock still offers an upside potential of almost 23% to investors. The price target revision came as the company prepares to publish its earnings results on March 12. The firm is anticipating the first quarter net new annual recurring revenue to stand at $460 million. Moreover, it considers its forecast beatable due to tiering contributions and growing usage of generative credits. On February 13, HSBC lowered the firm's price target on Adobe Inc. (NASDAQ:ADBE) from $388 to $302. The firm reiterated its Hold rating on the shares, yielding double-digit upside of almost 11% despite the downward revision. HSBC expects Adobe Inc. (NASDAQ:ADBE) to face competitive risks in the medium to lon Show less Read more
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