TD Cowen Downgrades Adobe (ADBE) to Hold - streetinsider.com

Dec 12, 2024 · TD Cowen analyst J. Derrick Wood downgraded Adobe (NASDAQ: ADBE) from Buy to Hold with a price target of $550.00 (from $625.00).The analyst comments "4Q NNARR …

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TD Cowen Downgrades Adobe (ADBE) To Hold - Streetinsider.com

2 weeks from now

Dec 12, 2024 · TD Cowen analyst J. Derrick Wood downgraded Adobe (NASDAQ: ADBE) from Buy to Hold with a price target of $550.00 (from $625.00).The analyst comments "4Q NNARR …

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$550
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Adobe Downgraded To Hold From Buy At TD Cowen - Nasdaq

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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. The company’s Q4 net new annual recurring revenue beat guidance …

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Adobe Downgraded To Hold By TD Cowen On Growth Deceleration …

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Dec 12, 2024 · On Thursday, Adobe Inc. (NASDAQ: ADBE) saw its stock rating downgraded from Buy to Hold by TD Cowen, with a notable reduction in the price target to $550 from the …

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Adobe Downgraded, Charter Upgraded: Wall Street’s Top ... - Nasdaq

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Dec 12, 2024 · Top 5 Downgrades: TD Cowen downgraded Adobe to Hold from Buy with a price target of $550, down from $625. The company’s Q4 net new annual recurring revenue beat …

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FAQs about TD Cowen Downgrades Adobe (ADBE) to Hold - streetinsider.com Coupon?

Why did TD Cowen downgrade Adobe?

TD Cowen's analyst J. Derrick Wood announced today, on December 12, 2024, that he downgraded Adobe from Buy to Hold for some reasons: Growth Risks: The new Annualized Recurring Revenue (ARR) in the last quarter of FY24 of Adobe is $ 578 million giving a 2% of growth rate. ...

Why did TD Cowen reduce Adobe's price target?

Ineffective AI Monetization: Wood also noted that its AI monetization was considered to be low relatively to total revenues of Adobe, suggesting Adobe's ineffective efforts in monetizing its AI technologies embedded to its products. For the reasons, TD Cowen reduce the price target for Adobe from $625 to $550 per share. ...

Why did Adobe downgrade its stock?

Their downgrade reflects concerns that Adobe's strategy of expanding its user base with free offerings before increasing monetization efforts may not significantly improve growth in the near term. With the growth rate potentially falling into single digits, the firm anticipates that this could put pressure on Adobe's valuations. ...

Is Adobe a good stock to buy?

StockNews.com upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, BMO Capital Markets lifted their target price on Adobe from $580.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, December 6th. ...

How much did Adobe (ADBE) earn in a quarter?

Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings data on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.67 by $0.14. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.54 billion. ...

Does Adobe have a growth risk?

Growth Risks: The new Annualized Recurring Revenue (ARR) in the last quarter of FY24 of Adobe is $ 578 million giving a 2% of growth rate. However, it is below the growth rate of the third quarter in the same fiscal year. ...