Deutsche Bank analyst Brad Zelnick downgrades $Adobe (ADBE.US)$ to a hold rating, and adjusts the target price from $600 to $475.
According to TipRanks data, the analyst has a success rate of 67.8% and a total average return of 12.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Adobe (ADBE.US)$'s main analysts recently are as follows:
Looking ahead to 2025 for the security, design, and vertical-specific software sectors, substantial potential is seen in certain companies that may experience beneficial conditions, artificial intelligence opportunities, and possible improvements in margins.
The 2025 outlook for software is perceived to bear resemblances to 2024, posing questions about whether the sector is preparing for another pullback in the first half of the year, or if it will maintain more sustained momentum. The end-of-year chief investment officer survey indicates a projection of 'incrementally healthier budget growth' for 2025 compared to 2024, with a majority of respondents anticipating budget expansions.
Note:
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