Adobe Q3: Small Beat, Raised Outlook, and the 1 Billion User Milestone
Adobe raised targets after a modest Q3 beat. AI ARR jumped 150% and users hit 1B, yet after-hours reaction stayed choppy and mixed.
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Adobe Shares Slip After CEO Change and Renewed Sell Call
BofA argues Adobe still looks expensive versus cash flow as AI costs hit margins before paid growth clearly accelerates.
Morgan Stanley Downgrades Adobe to Underweight, Slashes Price Target to $240 Amid AI and Execution Concerns
Morgan Stanley warns about the impact of generative AI, Adobe’s freemium strategy, and ongoing leadership transitions.
BofA Sees AI Winners and Losers: Buy Figma & Shopify, Downgrade Adobe
BofA sees Adobe hurt by AI, while Figma and Shopify could benefit as AI boosts creativity, collaboration, and online commerce.
HSBC Turns Bullish on Adobe: $308 Price Target Signals 46% Upside
The upgrade highlights Adobe’s resilience to AI disruption and its attractive valuation.
Adobe Delivers Record Q2 but Shares Fall After CFO Departure
Adobe reported strong Q2 results and raised its full-year guidance, but shares fell after the company announced that CFO Dan Durn will step down on June 15 to pursue a new opportunity.