Evercore ISI analyst Kirk Materne lowered Adobe’s price target to $450 from $475, maintaining an Outperform rating. Adobe exceeded expectations in fiscal 3Q with solid revenue, NNARR, and EPS results, showing progress in various initiatives. The market may be skeptical about Adobe’s growth, but a sentiment shift is unlikely until revenue stabilizes or new metrics address competition and AI alternatives. Unlock TipRanks Premium at 50% off for investing tools and expert insights. Visit TheFly for real-time financial news and see the top stocks recommended by analysts.

Read more at Yahoo Finance: Adobe price target lowered to $450 from $475 at Evercore ISI