Expectations For Adobe's Q2 Results Are 'Depressed': JPMorgan
Portfolio Pulse from Priya Nigam
JPMorgan analyst Mark Murphy maintained a Neutral rating and $570 price target on Adobe Inc (NASDAQ: ADBE) ahead of its Q2 results. Expectations are 'depressed' due to Adobe's previous performance and competition from GenAI vendors. Shares were up 1.6% to $470.22.
June 12, 2024 | 3:46 pm
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NEUTRAL IMPACT
JPMorgan's Mark Murphy maintained a Neutral rating and $570 price target on Adobe ahead of its Q2 results. Expectations are low due to previous performance and competition from GenAI vendors. Shares were up 1.6% to $470.22.
The Neutral rating and price target suggest a balanced view, with no strong positive or negative sentiment. The low expectations and competition concerns are offset by the recent share price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100