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ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:31
12/14/17
12/14
17:31
12/14/17
17:31

Adobe 'pleased' with subscription bookings and advertising cloud

Says photography offering has been "very popular". Says "pleased" with strength in subscription bookings as well as advertising cloud. Says subscription revenue is the way the company is going to measure the health of the business. Comments taken from Q4 earnings call.

  • 14

    Dec

ADBE Adobe
$175.00

-1.83 (-1.03%)

12/13/17
BOFA
12/13/17
NO CHANGE
Target $220
BOFA
Buy
Adobe price target raised to $220 from $213 at BofA/Merrill
BofA/Merrill analyst Kash Rangan raised his price target for Adobe (ADBE) to $220 from $213 ahead of quarterly results. The analyst notes that investors are concerned that the company is losing to competition especially Salesforce (CRM) but marketing growth is not as strong a driver for stock price as digital media growth and profitability metrics are. His channel checks suggest that Adobe is still leader in B2C and is becoming more relevant in B2B. Further, he adds that he could see an e-commerce related acquisition in the future that can consolidate B2B position. Rangan reiterates a Buy rating on Adobe's shares.
12/13/17
MSCO
12/13/17
NO CHANGE
Target $186
MSCO
Equal Weight
Adobe price target raised to $186 ahead of Q4 earnings at Morgan Stanley
Morgan Stanley analyst Keith Weiss previewed Adobe's Q4 earnings report, stating that his channel checks with partners signal strong demand trends with healthy Creative Cloud renewal rates and solid traction in Document Cloud. Updating his forecast to include EPS growth of over 20% into FY19 leads Weiss to raise his price target on Adobe shares to $186 from $155. He maintains an Equal Weight rating on the stock ahead of the company's Q4 report, scheduled for Thursday, December 14.
12/12/17
12/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Juno Therapeutics (JUNO) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Jim Birchenough saying that while data for JCAR017 continue to support a potential best-in-class profile in aggressive lymphoma, the current valuation already reflects dominant market positioning over Gilead's (GILD) Yescarta. 2. General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan, with analyst Seth Seifman saying Gulfstream questions are unlikely to be resolved in the near term. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst said. Seifman also downgraded Raytheon (RTN) to Neutral from Underweight. 3. Adobe (ADBE), Barracuda (CUDA), GoDaddy (GDDY), Fortinet (FTNT) and Check Point (CHKP) downgraded to Neutral from Overweight and CoStar Group (CSGP), Imperva (IMPV) and Monotype Imaging (TYPE) downgraded to Underweight from Overweight at JPMorgan by analyst Sterling Auty in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. 4. Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS, with analyst Carter Gould seeing a "challenging setup" for the shares after the Phase 1/2 SPK-8011 data in hemophilia A fell short of expectations. The analyst removed SPK-8011, or $29 per share, and early-stage pipeline value, or $12 per share, from his model. He finds it difficult to be more constructive on Spark shares in the near-term. 5. Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs by analyst Christopher Merwin to reflect fewer near-term catalysts around in-game monetization of non-sports titles. To see The Fly's full Street Research coverage, click here.
12/12/17
JPMS
12/12/17
DOWNGRADE
Target $185
JPMS
Neutral
Adobe downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Sterling Auty downgraded Adobe to Neutral with an unchanged price target of $185 in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. As such, he's moderating his bullish outlook into next year.

TODAY'S FREE FLY STORIES

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AWK

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NKE

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$71.78

0.4 (0.56%)

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XLE

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$79.27

0.4 (0.51%)

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BMRN

BioMarin

$85.71

-3.64 (-4.07%)

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DO

Diamond Offshore

$20.60

0.71 (3.57%)

11:45
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Diamond Offshore call volume above normal and directionally bullish »

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ALB

Albemarle

$104.25

0.17 (0.16%)

11:41
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Conference/Events
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GIS

General Mills

$42.00

0.23 (0.55%)

11:40
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Conference/Events
General Mills management to meet with UBS »

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MYND

MYnd Analytics

$2.66

-0.5 (-15.82%)

11:33
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Breaking Syndicate news story on MYnd Analytics »

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AZO

AutoZone

$620.18

-45.5 (-6.84%)

11:32
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Technical Take: AutoZone back near lows of the day »

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  • 22

    May

TJX

TJX

$87.50

2.84 (3.35%)

11:30
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Earnings
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  • 22

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RCII

Rent-A-Center

$10.07

-0.14 (-1.37%)

11:30
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Notable ratio spread in Rent A Center »

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TJX

TJX

$86.77

2.11 (2.49%)

11:28
05/22/18
05/22
11:28
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Earnings
TJX sees FY19 revenue $37.7B-$37.9B, consensus $37.87B »

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  • 22

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TGT

Target

$76.39

-0.47 (-0.61%)

, AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

11:27
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On The Fly: What to watch in Target's earnings report »

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TGT

Target

$76.39

-0.47 (-0.61%)

AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

WMT

Walmart

$84.33

-0.17 (-0.20%)

SHLD

Sears

$3.35

-0.29 (-7.97%)

JCP

J.C. Penney

$2.41

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KSS

Kohl's

$61.15

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W

Wayfair

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TSLA

Tesla

$277.25

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11:25
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ONCE

Spark Therapeutics

$74.00

0.97 (1.33%)

, BMRN

BioMarin

$85.77

-3.58 (-4.01%)

11:21
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ONCE

Spark Therapeutics

$74.00

0.97 (1.33%)

BMRN

BioMarin

$85.77

-3.58 (-4.01%)

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  • 22

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ADSK

Autodesk

$138.56

1.05 (0.76%)

11:20
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Options
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  • 24

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TJX

TJX

$86.18

1.52 (1.80%)

11:17
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  • 22

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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11:15
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TJX

TJX

$86.14

1.48 (1.75%)

11:13
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TJX analyst commentary  »

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  • 22

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