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2024-06-16 19:00:00 ET Summary Adobe's stock rallied 15% after 2Q FY2024 earnings, but revenue outlook is below market consensus, showing weak growth rebound. Despite strong growth in RPO, company's AI monetization plan has not significantly boosted top-line growth and billings, w...
2024-06-16 08:30:00 ET Summary Adobe Inc. stock experienced a surge last week as investors were too pessimistic. Adobe is a creative software behemoth that is well-primed to deepen its dominance further. Smaller AI startups face business model sustainability challenges, which ...
2024-06-16 05:56:00 ET Shares of Adobe (NASDAQ: ADBE) shot about 14% higher on June 14. Investors were responding to a positive fiscal fourth-quarter earnings report. Adobe's latest round of results suggests the software giant has what it needs to monetize generative artificial ...
2024-06-15 14:45:00 ET Read the full article on Seeking Alpha For further details see: Tech had all the attention in this quiet earnings week - Earnings Scorecard
2024-06-15 12:21:00 ET More on notable analyst calls Oracle: AI Bingo Nearly Complete Thanks To OCI Adobe Q2: Strong AI Positions In Firefly Adobe: Very Compelling AI Monetization In Q2 (Rating Upgrade) Biggest stock movers today: ADBE, MSM, RH, and more ...
2024-06-15 11:35:00 ET Stock indices this week were impacted by the release of softer than expected inflation figures and the Federal Reserve’s June interest rate decision. Nevertheless, Wall Street's benchmark index S&P 500 ( SP500 ) registered its best weekly advance in ove...
2024-06-14 14:00:04 ET Brad Sills from Bank of America Securities issued a price target of $640.00 for ADBE on 2024-06-14 11:22:00. The adjusted price target was set to $640.00. At the time of the announcement, ADBE was trading at $525.03. The overall price target consen...
Adobe Inc. (NASDAQ: ADBE) is one of today's top gainers. The company's shares have moved 14.71% on the day to $526.24. Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Dig...
2024-06-14 11:39:33 ET Shares of software company Adobe (NASDAQ: ADBE) skyrocketed on Friday after the company reported financial results for its fiscal second quarter of 2024. As of 10:30 a.m. ET, Adobe stock was up 14% -- that's a big deal for a company that's valued at well over ...
2024-06-14 10:36:14 ET Summary Upgraded Adobe Inc. to "Strong Buy" in March 2024, highlighting AI as an ally, not an enemy. Adobe's Q2 FY24 results showed 11% revenue growth, strong AI capabilities in Firefly, and robust capital allocation. Forecasting 11% revenue growth for F...
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2024-07-20 16:14:00 ET Companies at the forefront of artificial intelligence innovations can see rapid swings in their share prices. Stocks can zoom higher on strong earnings, and that momentum can carry the stock for weeks or months. It's extremely tempting to wait for a pullback in the sh...
2024-07-12 06:00:00 ET Artificial intelligence (AI) has been driving a lot of sales growth for businesses. But not every business has been booming. Up until recently, Adobe (NASDAQ: ADBE) had been a laggard among AI stocks. The tech company doesn't make chips, and its ...