From Financial Modeling Prep: 2025-03-10 11:03:00

Adobe (NASDAQ:ADBE) shares dropped 2% as Citi analysts cut price target to $490, citing concerns over near-term growth. Caution ahead of Q1 earnings on March 12 due to weaker outlooks from CRM and other software providers. Price adjustments may boost revenue, but challenges in attracting new paid users could keep shares in a narrow range.

Analysts revised price target reflects lowered earnings estimates and valuation framework. Investors seek stronger AI-driven revenue growth before sentiment improves. Adobe’s shares may trade within a narrow range until stronger net new annual recurring revenue trends and clearer monetization of generative AI initiatives are demonstrated.



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