What Analysts Think of Adobe Stock Ahead of Earnings | Global News Avenue

Adobe(adbe) The first quarter results for fiscal 2025 are expected to be held after Wednesday’s end, with analysts mostly bullish reports and next week’s Adobe Summit.

Of the 17 analysts covering stocks tracked by Visible Alpha, 10 issued “buy” or equivalent ratings, with six giving “hold” ratings and one having a “sell” rating. Their consensus target is close to $551, which suggests about 25% upside from Monday’s intraday level of about $438.

Creative Cloud developers are expected to report adjustments Earnings per share (EPS) That revenue rose 9% to $5.66 billion, up 11% year-on-year to $4.97.

Analysts say next week’s Adobe summit could be more beneficial

The result is ahead of next week’s Adobe summit, RBC Capital Markets analysts say this could be a more useful event, especially when it comes to generative updates. Artificial Intelligence (AI) index. Analysts lowered their target from $590 to $550, but maintained a “outperform” rating.

Firefly, Adobe’s Generative AI platform, released a video model in February, which Stifel analysts called “improving forward in its monetization strategy.” Stifel confirmed a $600 price target and a “buy” rating.

Amid a widespread technology sell-off, Adobe’s stock fell 2.5% on Monday, down about 20% in the past 12 months.