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Morgan Stanley Sees Continued Good Subscriptions For Adobe System

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In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Adobe Systems (NASDAQ: ADBE).

In the report, Morgan Stanley noted, “Point solutions drove Q2 subs adds well above expects but also pressured ARPU and Creative ARR was inline. Shares likely trade higher on the subs beat, but the mix shift away from full Suites also raises questions around long-term ARPU and customer LTV.”

Adobe Systems closed on Tuesday at $67.54.

Latest Ratings for ADBE

DateFirmActionFromTo
May 2015JP MorganInitiates Coverage onOverweight
Apr 2015Stephens & Co.Initiates Coverage onOverweight
Mar 2015CitigroupMaintainsBuy

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Posted-In: Jennifer Swanson Lowe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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