Barclays lowered the firm’s price target on Adobe (ADBE) to $460 from $567 and keeps an Overweight rating on the shares ahead of the fiscal Q3 earnings report on September 11. The company’s tiered pricing went live this quarter, and could provide $50M-$80M of potential benefit, the analyst tells investors in a research note. The firm sees potential upside to Q3 estimates and believes Adobe could “nudge up” its fiscal 2025 outlook.
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