Adobe Shares Slip 12% as Investors Seek More Clari…
From Financial Modeling Prep: 2025-03-13 12:02:00
Adobe (NASDAQ:ADBE) stock fell 12% after delivering a quarterly outlook that met expectations but failed to excite investors. Analysts are looking for more clarity on the company’s AI strategy to drive revenue growth and remain optimistic about its potential impact in the long term.
Despite competition concerns, analysts believe Adobe’s AI-driven revenue potential is undervalued. Mizuho analysts predict AI monetization will become more visible in the second half of the year, with recurring revenue from AI tools expected to double by the end of fiscal 2025, reinforcing long-term growth prospects.
Adobe reported adjusted earnings per share of $5.08 on revenue of $5.71 billion, beating analysts’ expectations. The company’s forecasted revenue for the upcoming quarter and full year align with consensus estimates, showing steady growth and meeting market expectations.
Read more at Financial Modeling Prep:: Adobe Shares Slip 12% as Investors Seek More Clari…