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Stock impact report

Adobe Inc. (ADBE) a Moderate Buy, Analysts See 52% Upside [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
The revision followed Baird's adjustment to the stock on January 14 when it slashed the price target on the shares to $350 from $410 and reiterated a Neutral rating. Earlier on January 13, Oppenheimer downgraded Adobe Inc. (NASDAQ:ADBE) to Perform from Outperform, citing reduced growth in Digital Media. The firm had anticipated AI business momentum to spur growth in the business, but the results did not meet expectations. While Oppenheimer analysts led by Brian Schwartz see opportunities in the near-term for the stock, they note that a challenging operating environment is likely to impede share price performance this year. They were quoted as saying the following in a research note to investors: “In our view, Adobe has good medium-term opportunities and is a cheap stock. However, a challenging operating environment during the AI technology transition leading to uninspiring and decelerating top-line growth, inconsistent execution with product cycles, durability concerns about th Show less Read more
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