These Analysts Revise Their Forecasts On Adobe Following Q2 Results

Core Insights - Adobe Inc. reported second-quarter revenue of $5.87 billion, exceeding analyst estimates of $5.79 billion, and adjusted earnings of $5.06 per share, surpassing the expected $4.96 per share [1][2] - The company raised its full-year 2025 revenue guidance to a range of $23.5 to $23.6 billion, up from the previous guidance of $23.3 billion to $23.55 billion, and adjusted earnings guidance to $20.50 to $20.70 per share, increased from $20.20 to $20.50 per share [3] Financial Performance - For the third quarter, Adobe expects revenue between $5.88 billion and $5.93 billion, compared to estimates of $5.87 billion, and anticipates adjusted earnings of $5.15 to $5.20 per share, against estimates of $5.10 per share [2] - Following the earnings announcement, Adobe shares fell by 5.8% to $389.64 [3] Analyst Ratings and Price Targets - Wells Fargo analyst Michael Turrin maintained an Overweight rating and raised the price target from $430 to $470 [6] - Oppenheimer analyst Brian Schwartz maintained an Outperform rating but lowered the price target from $530 to $500 [6] - Evercore ISI Group analyst Kirk Materne reiterated an Outperform rating with a maintained price target of $475, while BMO Capital analyst Keith Bachman also reiterated an Outperform rating with a price target of $450 [6]