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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Adobe price target raised to $425 from $410 at Baird
- Adobe Earnings Call Highlights Strong Growth and AI Success
- Adobe reports Q2 beat, Meta invests in Scale AI: Morning Buzz
- Adobe Stock (ADBE) Sinks as Solid Earnings Results Still Draws Mixed Reactions
- Adobe’s Q2 results ‘reasonable’, says BMO Capital