Expectations For Adobe’s Q2 Results Are ‘Depressed’: JPMorgan
8
0
Shares of Adobe Inc (NASDAQ:ADBE) were climbing in early trading on Wednesday, ahead of the release of the company’s fiscal second-quarter results on Thursday.
Expectations for the company’s upcoming quarterly results are “depressed,” according to JPMorgan.
The Adobe Analyst: Mark Murphy maintained a Neutral rating and price target of $570 on the stock.
The Adobe Thesis: Investors remain cautious in view of Adobe’s fiscal first-quarter performance as well as several application software companies reporting misses over the recent weeks, Murphy said in a note.
Check out
Full story available on Benzinga.com
Visited 8 times, 1 visit(s) today