Is Adobe (ADBE) Stock a Buy Before Earnings Thursday
TLDR
- Adobe reports fiscal Q3 earnings on September 10, with Wall Street expecting adjusted EPS of $6.08 and revenue of $6.67B to $6.72B.
- Only 1 of the 9 most recent analyst calls is a Buy; 6 are Holds and 2 are Sells, with a consensus average price target of $262.71.
- ADBE dropped 6.73% on Friday to close at $266.51, and is down roughly 24% year-to-date.
- AI monetization is the key focus: AI-first ARR topped $500M last quarter, but Adobe warned the freemium push would weigh on near-term growth.
- A CEO transition is adding uncertainty, with Anil Chakravarthy set to take over on December 1 as Shantanu Narayen moves to executive chair.
Adobe heads into its September 10 earnings report with its stock already under pressure. ADBE closed at $266.51 on Friday, down 6.73% on the day and about 24% year-to-date.
Wall Street is expecting adjusted EPS of $6.08 for fiscal Q3, up from $5.31 a year ago. Revenue guidance from Adobe itself sits at $6.67 billion to $6.72 billion, with adjusted EPS of $6.05 to $6.10.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
