Wedbush analyst Daniel Ives raised his price target for Adobe to $315 from $290 and maintained a Neutral rating following the company's Q4 results that beat the Street across the board highlighted by an "impressive" net new Digital Media ARR number and a FY20 guidance that was in line with Street estimates. With ARR and subscription growth continuing, Ives tells investors in a research note that, fundamentally speaking, Adobe has no major hurdles on the horizon, although proving out its success on the B2B initiatives with the Marketo and Magento deals is a lingering concern for the Street.