Barclays Reiterates Buy Rating on Adobe (ADBE)
From Yahoo Finance: 2025-05-21 13:23:00
Barclays analyst Saket Kalia reiterated a Buy rating on Adobe Inc. (NASDAQ:ADBE) with a $567 price target, as the company introduces new pricing tiers for its Creative Cloud offerings. The strategic price adjustments are expected to positively impact revenue streams, already factored into the company’s FY2025 ARR guidance.
The new pricing for Adobe’s Pro tier offers a 17-18% increase, while the Standard tier represents an 8-9% discount. The products with new prices will be available from June 17, aligning with Adobe’s strategy to improve product offerings and strengthen market position for future growth.
Adobe Inc. (NASDAQ:ADBE) is a technology company providing creator tools and services for individuals, teams, and enterprises to create, publish, and promote content. The company’s recent pricing adjustments are part of its broader strategy to enhance its market position and accelerate growth.
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Read more at Yahoo Finance: Barclays Reiterates Buy Rating on Adobe (ADBE)