BMO Capital keeps an Outperform rating and $515 price target on Adobe (ADBE) ahead of its Q1 results. The firm notes that investor expectations for Adobe are very low – more so than the past quarters – and the firm’s bottom line is that the pending quarterly report will be more of a “neutral event”, the analyst tells investors in a research note. Longer term, AI and Adobe Express can help the company with net new growth and annual recurring revenue, BMO added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Adobe’s Consistent Outperformance and Growth Potential Reinforce Buy Rating
- Adobe price target lowered to $600 from $640 at Wells Fargo
- Adobe’s Strong Start and AI Innovations Drive Buy Rating with $600 Price Target
- The Sellers Are Wrong About Adobe (ADBE) Stock
- Buy the Dip in Palantir (PLTR) Stock, Says Loop Capital