RBC Capital Reiterates Outperform Rating on Adobe (ADBE)

RBC Capital analyst Alex Zukin reiterated an Outperform rating and $575.00 price target on Adobe (NASDAQ: ADBE) ahead of the company's 1Q earnings report. Adobe is scheduled to report its F1Q on March 23rd, and Zukin looks for strong results across the board.

Given the company's usual Q/Q guidance, and the extra week in F1Q, RBC Capital believes it could guide F2Q ~1% below the consensus, $3.66B vs. $3.70B; this would be in-line with the last two years of guide-downs.

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $439.18 yesterday.

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