Baird previewed the Q1 results for Adobe and expects them to be around/slightly above consensus. Baird also expects guidance to be reiterated on CC-basis, though mildly raised on a reported basis as FX rates have improved in recent months. He noted the Figma acquisition remains the center of attention for now, with recent news of the U.S. Department of Justice preparing to file an antitrust lawsuit to block the ADBE/Figma acquisition. Baird maintains its Neutral rating and $355 price target on Adobe shares.
Published first on TheFly
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