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0 0 3.3973161202619E-05 -0.000407677934431814 -0.000475624256837245 0.00118906064209263 0.000577543740445102 -0.000509597418039864
Stock impact report

Jim Cramer Reveals Why He Might Cancel His Adobe (ADBE) Subscription [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 another software firm that has struggled in the age of AI. Its shares are down by 33% over the past year and by 12.5% year-to-date. January has seen several analysts share their thoughts on Adobe Inc. (NASDAQ:ADBE). Jefferies cut the share price target to $400 from $500 and reduced the rating to Hold from Buy. The financial firm discussed Adobe Inc. (NASDAQ:ADBE)'s lower-end market and remarked that the firm appeared to be facing competitive pressures in the sector. However, it added that the software company was nevertheless favored by professionals. Nevertheless, the age of AI has left Jefferies doubtful about whether Adobe Inc. (NASDAQ:ADBE) can deliver high growth figures. BMO Capital also downgraded the shares in January. It reduced the rating to Market Perform from Outperform and cut the share price target to $375 from $400. BMO pointed towards its Creative Cloud survey and used the data to indicate that Adobe Inc. (NASDAQ:ADBE) was experiencing tough Show less Read more
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