Adobe Inc. (ADBE)
These Analysts Are Bullish on Adobe Stock Despite Its Tumble—Here's Why
Adobe (ADBE) shares plunged nearly 9% Friday amid concerns about its weaker-than-expected outlook, but analysts were bullish on the stock, suggesting the company's projections were conservative and that it could get a boost from artificial intelligence (AI) demand.
S&P 500 Gains and Losses Today: Adobe Stock Drops on Underwhelming Outlook
Major U.S. equities indexes climbed Friday to wrap up a week of gains as recent data on inflation and the jobs market helped lift expectations that the Federal Reserve could be set for a steeper interest rate cut at its meeting next week. The S&P 500 advanced 0.5% Friday, while the Dow and the Nasdaq both closed around 0.7% higher.
Adobe Q3 Earnings Beat Estimates: Can GenAI Efforts Lift Shares?
ADBE's fiscal third-quarter results benefit from strength in Creative Cloud, Document Cloud and Enterprise Cloud.
Why Adobe Stock Is Down So Much Today
Management's guidance for the current fiscal quarter fell short of analysts' expectations. This disparity suggests that Adobe is having trouble convincing potential customers that its new AI-powered platforms are the must-have options in their categories.
Adobe Q3 Earnings Beat Projections
Revenue for Q3 2024 came in at $5.41 billion, outpacing management's guidance of $5.33 billion to $5.38 billion. GAAP diluted EPS was $3.76, surpassing the prior quarter's guidance of $3.45 to $3.50.
Adobe Shares Fall 9% After Lowering Outlook—Despite Beating Revenue, Earnings Estimates
Adobe's stock slid 9% on Friday after the company reported a lower forecast for its upcoming quarter than expected, bringing the software firm's shares down into the negative for the year despite beating estimates for earnings and revenue.
Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
Investors needn't worry about Adobe's NASDAQ: ADBE near-term price action because of the longer-term value gains derived from its quality. Adobe investors should instead focus on the bullish longer-term price action.
Adobe Q3: $550 Million In Net New ARR Growth Guidance Is Not Bad
I reiterate a “Strong Buy” rating for Adobe Inc. stock with a fair value of $600 per share, driven by their robust AI capabilities and future growth potential. Adobe's Firefly Video Model, set to release later this year, will enable AI-powered video generation, enhancing their competitive edge in digital media. Despite weak Q4 guidance for net new digital media ARR, Adobe's AI investments in tools like Firefly and Adobe Express will drive future growth.
Adobe's lowered guidance raises fears of AI bubble, echoes dot-com crash
Adobe beat analyst expectations for its Q3 results but a lower guidance has raised the question of the company's ability to turn AI investments into increased revenue.
Adobe shares fall 9% on weak fourth-quarter guidance
Adobe shares fell Friday, a day after the company released third-quarter results that offered weak guidance. The company said it expects to report revenue between $5.5 billion and $5.55 billion in its fourth quarter, short of the $5.61 billion expected by analysts polled by LSEG.
Adobe stock weighed down by cautious fourth quarter guidance
Adobe Inc (NASDAQ:ADBE) shares are set to open 9% lower on Friday as weak revenue guidance overshadowed a record fiscal third quarter. The creative software provider expected Q4 revenue in the range of $5.5 billion to $5.55 billion, short of analyst forecast of $5.6 billion.
Adobe, SelectQuote, Similarweb And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
