Adobe shares fall as downbeat forecast fans worries about competition, AI efforts
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Adobe (ADBE) PT Lowered to $511 at HSBC, 'AI raises competitive threat'
March 15, 2024 8:27 AM EDTHSBC analyst Stephen Bersey lowered the price target on Adobe (NASDAQ: ADBE) to $511.00 (from $557.00) while maintaining a Hold rating.
The analyst comments "Maintain Hold and cut TP to USD511.00 (USD557.00): We value Adobe using a PE multiple-based valuation metric. We apply our... More
Adobe (ADBE) PT Lowered to $630 at CFRA
March 15, 2024 8:10 AM EDTCFRA analyst Angelo Zino lowered the price target on Adobe (NASDAQ: ADBE) to $630.00 (from $700.00) while maintaining a Buy rating.
The analyst comments "We reduce our 12-month target to $630 from $700, on P/E of 30x our CY 25 EPS view, below historical. We keep... More
