Adobe Beats Expectations As Analysts Weigh Strong AI Growth Against Market Risks
Shares of Adobe Inc rose after reporting upbeat Q3 results. Piper Sandler reiterated an Overweight rating while lowering price target, RBC maintained Outperform rating and target, Stifel reaffirmed Buy rating and target, DA Davidson reiterated Buy rating and target, and JMP Securities maintained Market Outperform rating. Adobe's AI-first ARR exceeded expectations and revenue was driven by strong growth in digital media.