Market Overview

Oppenheimer: Adobe Upbeat About Digital Experience Business Momentum

Oppenheimer: Adobe Upbeat About Digital Experience Business Momentum

Adobe Inc (NASDAQ: ADBE) hosted its Summit conference and a financial analyst meeting Tuesday in Las Vegas.

The software maker gave broad details of enterprise customers using their digital experience management technology platform, and conference checks were positive, according to Oppenheimer.

The Analyst

Oppenheimer’s Brian Schwartz maintains a Perform rating on Adobe.

The Thesis

Adobe's presentations demonstrated “strong market validation" for the company, Schwartz said in a Wednesday note. 

The overall commentary on Adobe's digital experience platform strategy, trends and opportunities was upbeat, the analyst said. The company gave product updates and highlighted partnerships with Microsoft Corporation’s (NASDAQ: MSFT) LinkedIn, ServiceNow Inc (NYSE: NOW) and Roku Inc (NASDAQ: ROKU).

Adobe’s products and digital experience vision seem well-aligned with favorable secular demand for next-gen customer experience technology, business optimization and digital transformations, Schwartz said.

The company appears well-positioned to sustain growth and cash generation while gaining market share, the analyst said. 

On a more cautionary note, Schwartz said a moderating upside trend in quarterly results, recent senior management changes and execution risks from large company M&A activity could create overhangs for the company’s shares in the near-term.

Price Action

Adobe shares were slipping 1.97 percent to $260.37 at the time of publication Wednesday. 

Related Links: 

75 Biggest Movers From Friday

Adobe Shares Drops On Poor Guidance, But Sell-Side Analysts Less Worried

Latest Ratings for ADBE

Jan 2020UpgradesNeutralBuy
Jan 2020UpgradesPerformOutperform
Jan 2020MaintainsEqual-Weight

View More Analyst Ratings for ADBE
View the Latest Analyst Ratings

Posted-In: Brian Schwartz OppenheimerAnalyst Color Reiteration Analyst Ratings Best of Benzinga


Related Articles (ADBE + MSFT)

View Comments and Join the Discussion!

Latest Ratings

LRNSidoti & Co.Maintains30.0
CSWISidoti & Co.Maintains72.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at