These Analysts Boost Their Forecasts On Adobe After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Adobe Inc. (NASDAQ:ADBE) reported strong second-quarter earnings, beating revenue and earnings estimates. The company also issued a robust forecast for the third quarter and full-year 2024, leading analysts to adjust their price targets.
June 14, 2024 | 12:46 pm
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Adobe reported second-quarter revenue of $5.31 billion and adjusted earnings of $4.48 per share, both beating estimates. The company issued strong forecasts for Q3 and full-year 2024, leading analysts to adjust their price targets.
Adobe's strong Q2 performance and optimistic forecasts for Q3 and full-year 2024 are likely to positively impact its stock price in the short term. Analysts have adjusted their price targets, reflecting increased confidence in the company's future performance.
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