Argus analyst Joseph Bonner lowered the firm’s price target on Adobe (ADBE) to $500 from $600 and keeps a Buy rating on the shares following the Q2 report. The firm says that while the company’s revenue growth has modestly slowed in fiscal 2025, Adobe did raise its full-year guidance with the fiscal Q2 results. Adobe continues to “rapidly innovate,” leveraging generative artificial intelligence innovations across its product set with more to come, the analyst tells investors in a research note.
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Read More on ADBE:
- Adobe price target raised to $425 from $410 at Baird
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- Adobe’s Q2 results ‘reasonable’, says BMO Capital
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