Citi says Adobe’s first full quarter with Firefly monetization live “was underwhelming.” The firm expects the shares to be down on the smaller beat, softer Q2 outlook and lack of full-year guidance. In addition, the lack of Firefly usage and conversion stats may offer more cautious read-throughs on the rollout and monetization, the analyst tells investors in a research note. Citi keeps a Neutral rating on the shares with a $628 price target.
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