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Adobe’s Upcoming Q2 Earnings Preview
Jun 8, 2023 1:11 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
RBC Capital analysts shared their outlook on Adobe Inc. (NASDAQ:ADBE) ahead of the Q2/23 earnings announcement, scheduled on June 15, expecting the company to deliver positive results, continuing the momentum seen at the start of the year.
Particularly, the analysts expect upside from digital media, while the experience cloud is worth monitoring given mixed enterprise results from peers which Adobe has to this point stayed resilient to.
According to the analysts, investor focus remains on two themes, generative AI and the pending close of Figma. The analysts raised their price target to $460 from $415 while reiterating their Outperform rating.
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