Adobe upside 'likely limited', Citi says [Yahoo! Finance]
Enterprise Bancorp Inc (EBTC)
US:NASDAQ Investor Relations:
enterprisebanking.com
Company Research
Source: Yahoo! Finance
Adobe's upside [is] likely limited,” said the bank. It expects Adobe's valuation to remain range-bound, citing its focus on generative AI proliferation over monetization and ongoing challenges in its core business. Citi forecasts a modest upside for Adobe's Q4, anticipating a smaller beat on digital media net new annual recurring revenue (NNARR) compared to last quarter. The firm also expects Adobe to guide FY25 digital media ARR growth around 11%, below consensus expectations of $1.98 billion. Slowing web traffic and limited monetization of generative AI are seen as contributing factors to reduced growth expectations. "The core business is facing continued revenue leakage exacerbated by macro/ competitive headwinds," Citi notes, adding that a cautious guidance approach could amplify uncertainties heading into FY25. Citi lowered its price target for the stock to $590 from $616, reflecting reduced estimates partially offset by higher regression inputs. The bank explained
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- INDB to Buy Enterprise Bancorp, Expand Footprint in Lucrative Markets [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Enterprise Bancorp, Inc. - EBTCPR Newswire
EBTC
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 4
- 12/12/24 - Form 8-K
- EBTC's page on the SEC website