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ADBE

Adobe

$277.79

-0.29 (-0.10%)

09:17
10/15/19
10/15
09:17
10/15/19
09:17

Adobe initiated with a Neutral at Cleveland Research

Cleveland Research analyst Ari Terjanian initiated coverage of Adobe with a Neutral rating and $283 price target. The analyst would like to see continued evidence of execution on Digital Experience initiatives before recommending shares.

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    Nov

ADBE Adobe
$277.79

-0.29 (-0.10%)

09/18/19
BMOC
09/18/19
NO CHANGE
Target $310
BMOC
Outperform
Adobe price target lowered to $310 from $315 at BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on Adobe to $310, saying its Q3 results were disappointing with the management lowering its expected FY19 Digital Experience bookings growth guidance even though the billings growth was "solid". The analyst adds that Adobe's outlook for Digital Experience implies a FY19 growth of 31% - lower than its prior forecast of 34% - which he attributes to lower consulting revenues from slower implementation of the Digital Experience Platform and from weaker Marketo sales. Longer term, Bachman maintains his Outperform rating on Adobe with a positive view on the "sustainable advantage" of its next-generation digital marketing hub and continued earnings upside.
09/18/19
ADAM
09/18/19
NO CHANGE
Target $320
ADAM
Buy
Adobe weakness a buying opportunity, says Canaccord
Canaccord analyst Richard Davis said the Adobe Q3 results were classic Adobe in that they were generally in-line or better and guidance was conservative. The analyst said a low bar has been set for 2021 and there is no need to rush out and buy the stock but he would use the weakness as a buying opportunity. Davis reiterated his Buy rating and $320 price target on Adobe shares.
09/18/19
RBCM
09/18/19
NO CHANGE
Target $315
RBCM
Outperform
Adobe price target lowered to $315 from $320 at RBC Capital
RBC Capital analyst Alex Zukin lowered his price target on Adobe to $315 after its Q3 results and reduced guidance for Digital Experience bookings, also lowering his FY20 EPS view by 31c to $9.47 while boosting its FY21 view by 3c to $11.57. The analyst still keeps his Outperform rating on the stock, stating that its Digital Media business saw "favorable performance" in the quarter and maintaining that the customer interest as well as the potential of the Adobe Experience Platform remain promising. Zukin further contends that Adobe is just starting to "flex pricing" for its Creative base, estimating the potential cadence for the platform at 3-5 percentage points of growth from pricing per year.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).

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AUPH

Aurinia Pharmaceuticals

$15.76

0.31 (2.01%)

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GDI

Gardner Denver

$33.90

-0.19 (-0.56%)

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GDI

Gardner Denver

$33.90

-0.19 (-0.56%)

19:56
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DTCWY

Deutsche Wohnen

$0.00

(0.00%)

19:50
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19:50
Downgrade
Deutsche Wohnen rating change at Goldman Sachs »

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SEGXF

Segro

$0.00

(0.00%)

19:49
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19:49
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Segro rating change at Goldman Sachs »

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BORR

Borr Drilling

$6.60

0.46 (7.49%)

19:30
12/09/19
12/09
19:30
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19:30
Initiation
Borr Drilling initiated at Goldman Sachs »

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INSG

Inseego

$6.89

-0.05 (-0.72%)

19:26
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Breaking Syndicate news story on Inseego »

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FTSV

Forty Seven

$30.44

16.04 (111.39%)

19:25
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Conference/Events
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ARQL

ArQule

$19.71

10.035 (103.77%)

19:25
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Conference/Events
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  • 09

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XNCR

Xencor

$41.41

0.39 (0.95%)

19:25
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Conference/Events
Xencor to host analyst & investor meeting »

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  • 09

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ABR

Arbor Realty

$14.78

(0.00%)

19:20
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Arbor Realty 6.5M share Spot Secondary priced at $14.14 »

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  • 10

    Dec

STRM

Streamline Health

$1.25

-0.04 (-3.10%)

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Streamline Health delaying Q3 results to resolve amortization charge »

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NLOK

NortonLifeLock

$25.43

-0.02 (-0.08%)

, INTC

Intel

$56.52

-0.28 (-0.49%)

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Periodicals
McAfee weighs combination with NortonLifeLock, WSJ reports »

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NLOK

NortonLifeLock

$25.43

-0.02 (-0.08%)

INTC

Intel

$56.52

-0.28 (-0.49%)

AVGO

Broadcom

$314.49

-1.68 (-0.53%)

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TGTX

TG Therapeutics

$9.28

2.17 (30.52%)

18:55
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TG Therapeutics to host investor & analyst meeting »

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NTNX

Nutanix

$33.87

-0.725 (-2.10%)

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Nutanix CEO: We are transitioning to a subscription-based model »

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

, MDB

MongoDB

$131.03

-0.19 (-0.14%)

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

MDB

MongoDB

$131.03

-0.19 (-0.14%)

PHR

Phreesia

$29.01

-0.09 (-0.31%)

CDMO

Avid Bioservices

$5.85

0.05 (0.86%)

MTN

Vail Resorts

$231.30

-1.43 (-0.61%)

TOL

Toll Brothers

$41.40

0.515 (1.26%)

EQ

Equillium

$4.00

-0.03 (-0.74%)

SUPN

Supernus

$22.69

-0.145 (-0.63%)

A

Agilent

$81.68

-0.545 (-0.66%)

HEPA

Hepion Pharmaceuticals

$5.61

0.4 (7.68%)

ROAD

Construction Partners

$20.56

0.66 (3.32%)

CASY

Casey's General Stores

$175.33

-0.47 (-0.27%)

CHWY

Chewy

$24.17

-0.76 (-3.05%)

LVGO

Livongo Health

$27.40

-0.6 (-2.14%)

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  • 09

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    Dec

BLUE

Bluebird Bio

$76.72

-2.79 (-3.51%)

, BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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Bluebird Bio, Bristol-Myers present update on Phase 1 study of bb21217 »

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$76.72

-2.79 (-3.51%)

BMY

Bristol-Myers

$61.32

1.38 (2.30%)

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  • 09

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BA

Boeing

$351.25

-2.74 (-0.77%)

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  • 10

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:21
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Occidental Petroleum director buys 12.9K shares of common stock »

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  • 09

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OXY

Occidental Petroleum

$37.34

-0.07 (-0.19%)

18:14
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Occidental Petroleum director buys 10K shares of common stock »

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  • 09

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EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

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