TD Cowen Reiterates Hold Rating on Adobe (ADBE)

TD Cowen analyst J. Derrick Wood reiterated a Hold rating and $550.00 price target on Adobe (NASDAQ: ADBE).

The analyst commented: "Survey Shows Uptick In Partner Execution, But Unchanged '25 Outlook; ADBE reports 1Q on 03/12. Checks from the DM reseller channel upticked Q/Q, encouraging for its SMB business, though CY25 outlook is still for meager growth. We think 1Q bar is set at a reasonable level, and expect modest upside, but think guidance is likely to be in line given evolving macro trends and ongoing indexing for adoption rather than monetization in some of its AI SKUs. Maintain Hold."

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $444.78 yesterday.

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