Barclays lowered the firm’s price target on Adobe (ADBE) to $335 from $415 and keeps an Overweight rating on the shares ahead of the earnings report on March 12. The germ expects $460M in Q1 net new annual recurring revenue and thinks its estimate is beatable from tiering contribution and growing generative credit usage.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE: