Adobe tumbles after outlook disappoints Wall Street, TD Cowen

Adobe's (NASDAQ:ADBE) stock fell about 10% premarket on Thursday after the company's fiscal 2025 outlook came below estimates, drawing mixed reactions from analysts. Jefferies …

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Adobe Tumbles After Outlook Disappoints Wall Street, TD Cowen

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Adobe's (NASDAQ:ADBE) stock fell about 10% premarket on Thursday after the company's fiscal 2025 outlook came below estimates, drawing mixed reactions from analysts. Jefferies …

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Adobe Stock Drops On Disappointing 2025 Outlook

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Dec 11, 2024 · Adobe Stock Falls After Q4 Report. In after-hours trading on the stock market today, Adobe stock slid more than 7% to 506.50. During the regular session Wednesday, …

investors.com

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Adobe Stock Dives On Disappointing Outlook - Investopedia

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Sep 12, 2024 · Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, posted record net-new annualized recurring revenue (ARR) of $504 million, an 8% year-over-year rise …

investopedia.com

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Adobe Stock Falls After Disappointing Outlook: A Closer Look At …

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On September 12, 2024, Adobe’s stock plummeted by over 9% in extended trading following a disappointing outlook for the fiscal fourth quarter. Despite strong third-quarter results, the …

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Adobe Shares Tumble 9% After Lowering Guidance - Forbes

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Sep 13, 2024 · Topline. Adobe’s stock slid 9% on Friday after the company reported a lower forecast for its upcoming quarter than expected, bringing the software firm’s shares down into …

forbes.com

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Adobe Downgraded To Hold From Buy At TD Cowen - Markets Insider

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Dec 12, 2024 · TD Cowen downgraded Adobe (ADBE) to Hold from Buy with a price target of $550, down from $625. ... Wall Street’s top analyst calls. TipRanks 8h. Adobe tumbles after …

businessinsider.com

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ADBE Stock: Adobe Stock Falls As Outlook Disappoints | Investor's ...

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Dec 13, 2023 · Wall Street was modeling earnings of $4.26 a share on sales of $5.16 billion in the fiscal first quarter. Its guidance would translate to year-over-year growth of 15% in earnings …

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Adobe Stock Tumbles Despite Record Q3 Revenue As Outlook …

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Sep 14, 2024 · Adobe's outlook disappoints investors. Adobe this weekend released the Q3 FY24 financial results. Adobe achieved record revenue of $5.41 billion in its third quarter fiscal year …

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Adobe Tumbles After Reporting Q4 Results That Beat

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Dec 14, 2023 · Adobe shares plunged over 5% in intraday trading Thursday after reporting fiscal fourth quarter earnings that beat estimates, but its guidance missed expectations and the …

investopedia.com

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Modest Outlook For Adobe: Hold Rating Amid Slow AI …

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Dec 12, 2024 · In another report released today, TD Cowen also assigned a Hold rating to the stock with a $550.00 price target. ADBE’s price has also changed moderately for the past six …

businessinsider.com

FAQs about Adobe tumbles after outlook disappoints Wall Street, TD Cowen Coupon?

Why did Adobe's Stock fall 12% on Thursday?

Adobe's (NASDAQ: ADBE) stock fell about 12% on Thursday after the company's fiscal 2025 outlook came below estimates, drawing mixed reactions from analysts. Jefferies maintained its Buy rating and $650 price target on the shares. ...

How did Adobe Stock perform in fiscal 2024?

In its just-finished fiscal 2024, Adobe earned an adjusted $18.42 a share, up 15%, on sales of $21.51 billion, up 11%. In after-hours trading on the stock market today, Adobe stock slid more than 7% to 506.50. During the regular session Wednesday, Adobe stock rose 0.5% to close at 549.93. ...

Why did Adobe Stock fall in extended trading?

(Updates with share decline in fourth paragraph) Adobe Inc. fell in extended trading after giving a revenue forecast for the current quarter that missed Wall Street estimates, fueling investor impatience for the company’s AI tools to begin generating sales. ...

Why did Adobe stock drop?

(Bloomberg) -- Adobe Inc. shares dropped after the company delivered an outlook that failed to quell investor impatience for new artificial intelligence tools to start generating cash. Most Read from Bloomberg ...

Did Adobe (ADBE) beat Wall Street's Q4 earnings targets?

Adobe (ADBE) late Wednesday handily beat Wall Street's targets for its fiscal fourth quarter. But its sales and earnings guidance for 2025 was below views. Adobe stock sank in extended trading. The digital media and marketing software firm earned an adjusted $4.81 a share on sales of $5.61 billion in the quarter ended Nov. 29. ...

Why did Adobe Stock slid by the most in 6 months?

(Bloomberg) -- Adobe Inc. shares slid by the most in six months after the company issued an outlook that disappointed investors who are growing impatient to see new artificial intelligence tools generate cash. Known for making software for creative professionals, Adobe has been adding AI features to its applications. ...