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Stock impact report

UBS, Baird Lower PT on Adobe (ADBE), BMO Capital Downgrades to Market Perform [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
On January 14, Baird also lowered its price target on Adobe Inc. (NASDAQ:ADBE) from $410 to $350 and kept a Neutral rating on the stock. Photo by Jakob Owens on Unsplash Earlier, on January 9, BMO Capital downgraded its rating on Adobe Inc. (NASDAQ:ADBE) from Outperform to Market Perform and cut its price target from $400 to $375. This update comes after BMO Capital's seventh proprietary Creative Cloud survey, which showed rising competition in the creative software market. This is affecting smaller businesses, students, and freelance users. BMO Capital noted that while Adobe Inc. (NASDAQ:ADBE) offers an “undemanding” current valuation, it does not see any clear positive catalysts for the company. According to the research firm, shares are expected to stay range-bound. Despite the downgrade and the reduced price target, the firm maintained its financial forecasts for the company. Adobe Inc. (NASDAQ:ADBE) is a global leader in digital media and digital marketing solutions. It Show less Read more
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