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Morgan Stanley Sees Mixed Factors For Adobe Systems Incorporated

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

In the report, Morgan Stanley noted, “CS6 exiting the channel and seasonal strength in Education should drive strong Q3 subs adds, while we expect ARR to be more in line as ARPU continues to decline. We expect a good Q3, but worry about slower subs adds in FY15, which could be a headwind for the stock.”

Adobe Systems closed on Thursday at $72.42.

Latest Ratings for ADBE

DateFirmActionFromTo
Mar 2020Piper SandlerMaintainsOverweight
Mar 2020Morgan StanleyMaintainsOverweight
Mar 2020OppenheimerMaintainsOutperform

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