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Expectations For Adobe’s Q2 Results Are ‘Depressed’: JPMorgan

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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.

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