BUZZ-Street View: Investors await results on Adobe's big AI bet

Reuters
06/13
BUZZ-Street View: Investors await results on <a href="https://laohu8.com/S/ADBE">Adobe</a>'s big AI bet

Updates shares

** Photoshop-maker Adobe ADBE.O raised its full-year results forecast on Thursday, counting on demand for its AI-powered software tools

** Shares fall almost 7%

** Median PT of 41 brokerages covering the stock is $480 - data compiled by LSEG

AI INITIATIVES UNDER SCRUTINY

** RBC Capital Markets ("outperform", PT: $480) says while co is positive around AI software demand, it will take time to prove with concerns of competition around GenAI

** Jefferies ("buy", PT: $590) says, "While this quarter's result is no fireworks, we believe the overall business continues trending in the right direction, as seen through accelerating adoption of Adobe's AI offerings and the lower-priced Express product"

** Morgan Stanley ("overweight", PT: $510) says, despite AI adoption being positive through a rise in Firefly and Acrobat AI subscriptions, investors remain concerned about limited impact on overall numbers

** J.P. Morgan ("overweight", PT: $540) says, "Our sense is that an absence of any surprising jolt in results to close the calendar Q1 software earnings season is likely limiting any sudden change in view among investors for now"

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10