The Latest Analyst Ratings For Adobe
Portfolio Pulse from Benzinga Insights
Adobe (NASDAQ:ADBE) received mixed analyst ratings in the latest quarter with 22 analysts providing insights. The average 12-month price target was adjusted to $621.14 from $660.10, indicating a 5.9% drop. Analysts' actions varied, with some maintaining their ratings and price targets, while others adjusted them up or down based on market conditions and Adobe's performance. Adobe's financial indicators show solid revenue growth but below industry standards in net margin, ROE, and ROA, suggesting challenges in profitability and asset utilization.
March 27, 2024 | 12:00 pm
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Adobe received mixed analyst ratings, with a revised average 12-month price target of $621.14, reflecting a 5.9% decrease. Despite solid revenue growth, Adobe faces challenges in profitability and asset utilization.
The mixed analyst ratings and the adjustment in the average price target suggest a cautious outlook from analysts, reflecting uncertainties in Adobe's future performance. The solid revenue growth indicates potential, but the challenges in profitability and asset utilization could dampen investor enthusiasm in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100