Adobe Stock Has Underperformed Its Peers. Earnings Could Give a Boost.
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Adobe Shares Plunges Over 11% After Disappointing Revenue Forecast
Market-Moving News for December 12th
US Morning News Call | Adobe Predicts Lower Revenue for FY25 Amid Slowing Subscription Sales
Nasdaq Futures Fall After Abobe's Outlook Disappoints; Eyes on PPI
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Adobe Analyst Ratings
Adobe "exploded", the monetization of AI is a long way to go.
HSBC has lowered Adobe's Target Price from $536 to $510, implying a potential downside of about 7.26% from the current price, and maintains a 'Hold' rating. HSBC believes that the company is facing difficulties in effectively monetizing its AI capabilities, and the efforts made in AI have not resulted in revenue growth, potentially weakening its competitive advantage.
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