Adobe Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Adobe Inc. (NASDAQ:ADBE) is expected to report higher Q2 earnings of $3.79 per share, compared to $3.35 per share a year ago, with revenues of $4.43 billion. The stock closed at $479.53 on Wednesday and rose 0.2% in pre-market trading. Several analysts have recently updated their price targets for the company.
June 15, 2023 | 11:22 am
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Adobe is expected to report higher Q2 earnings and revenues, with several analysts updating their price targets. The stock rose 0.2% in pre-market trading.
Adobe's expected higher Q2 earnings and revenues, along with recent price target updates from analysts, indicate a positive outlook for the company. This news is likely to have a short-term positive impact on the stock price, as investors may see it as a sign of growth and strong performance.
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