TD Cowen lowered the firm’s price target on Adobe (ADBE) to $310 from $325 and keeps a Hold rating on the shares. The firm said the CEO departure and NNARR softness don’t help the already struggling AI disruption narrative and the firm’s weaker checks. NNARR growth was softer than expected due to Stock headwinds and dampening effects as top-of-funnel drives more Freemium MAUs versus Paid users.
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Read More on ADBE:
- Adobe price target lowered to $420 from $520 at JPMorgan
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