Adobe's prospects are more constructive under the blessing of AI, and Wall Street banks have raised their price targets

智通财经网2023-06-16

As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock. Software services giant Adobe announced its second quarter financial report for fiscal year 2023 after the U.S. stock market closed on Thursday. As Adobe's Q2 performance exceeded market expectations and raised its full-year performance guidance, many major Wall Street banks raised their target prices on the stock. Adobe's Q2 total revenue increased by 10% year-on-year to US $4.82 billion, better than analysts' average expectation of US $4.77 billion; Adjusted earnings per share of $3.91 were better than analysts' average...

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