Adobe Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Adobe Inc. (NASDAQ:ADBE) is expected to report Q4 earnings of $4.14 per share, up from $3.60 per share a year ago, with revenue estimated at $5.03 billion, up from $4.53 billion. The company faces an EU antitrust complaint over its $20 billion Figma acquisition. Shares rose 0.3% to $627.11. Analysts have recently adjusted price targets, with the most accurate analysts maintaining positive ratings and raising targets.
December 12, 2023 | 3:32 pm
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POSITIVE IMPACT
Adobe Inc. is anticipated to report increased earnings and revenue for Q4. The stock saw a slight increase ahead of earnings, and analysts have raised price targets, signaling confidence.
The anticipation of positive earnings and revenue growth, along with recent analyst upgrades and raised price targets, suggests a positive short-term impact on ADBE's stock price. However, the EU antitrust complaint introduces uncertainty that could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100