Baird raised the firm’s price target on Adobe to $540 from $500 and keeps a Neutral rating on the shares. The firm said Adobe reported another solid quarter with upside to both revenue and profitability. They also noted the company’s announcements earlier in the week of several AI-related updates around Firefly, Creative Cloud, and Generative AI credits which Baird think will put investor focus on Q4 Digital Media net new ARR guidance.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADBE: