Adobe Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Adobe Inc. is expected to report strong earnings and revenue growth in its upcoming third-quarter results, indicating positive performance trends for the company [1]. Financial Performance - Analysts anticipate Adobe will report quarterly earnings of $5.18 per share, an increase from $4.65 per share in the same quarter last year [1]. - The projected quarterly revenue is $5.91 billion, up from $5.41 billion a year earlier [1]. - In the second quarter, Adobe reported revenue of $5.87 billion, surpassing analyst estimates of $5.79 billion [2]. - The second-quarter adjusted earnings were $5.06 per share, exceeding estimates of $4.96 per share [2]. Analyst Ratings and Price Targets - Oppenheimer analyst Brian Schwartz maintained an Outperform rating but reduced the price target from $500 to $460 [9]. - Mizuho analyst Gregg Moskowitz also maintained an Outperform rating, cutting the price target from $530 to $460 [9]. - Barclays analyst Saket Kalia kept an Overweight rating while lowering the price target from $567 to $460 [9]. - UBS analyst Karl Keirstead maintained a Neutral rating and decreased the price target from $430 to $400 [9]. - Citigroup analyst Tyler Radke maintained a Neutral rating and reduced the price target from $465 to $450 [9].