TD Cowen Downgrades Adobe to "Hold" Amid Growth Concerns and AI Monetization Challenges [Yahoo! Finance]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
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. Adobe's go-to-market (GTM) strategies are less effective to its customers leading to lower customer acquisition and retention. Guidance: Adobe projected the fiscal year 2025 growth to be about 8-10% below the 11% consensus estimate. They also estimated for 50 basis points Operating margin contraction while analysts had expected Adobe's nextOperating margin to be just stagnant. 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. However, on the one-year price targets offered by 33 analysts, the average t
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ADBE
News
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance Canada]Yahoo! Finance Canada
- https://seekingalpha.com/article/4745890-adobe-stock-firecracker-long-fuse-hold-now-buy-later [Seeking Alpha]Seeking Alpha
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance Canada]Yahoo! Finance Canada
- AI ‘Roadkill' Fears Haunt Traders Two Years After ChatGPT Debut [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the FirmGlobeNewswire
ADBE
Earnings
- 12/11/24 - Beat
ADBE
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/11/24 - Form 8-K
- ADBE's page on the SEC website