What's Going On With Adobe Stock Friday
Portfolio Pulse from Anusuya Lahiri
Adobe Inc (NASDAQ:ADBE) reported better-than-expected Q2 results and strong EPS guidance, with revenue increasing 10% YoY to $4.82 billion. Several analysts raised their price targets on the stock, leading to a 3.23% increase in share price.
June 16, 2023 | 2:38 pm
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Adobe's Q2 results exceeded expectations, with revenue up 10% YoY and strong EPS guidance. Analysts raised price targets, driving the stock price up 3.23%.
Adobe's better-than-expected Q2 results and strong EPS guidance indicate a positive outlook for the company. The raised price targets by multiple analysts further support the stock's potential for growth, leading to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100