(CercleFinance.com) – The title Adobe arrogates nearly 2.5% in New York after the announcement of its new annual objectives. In this context, Jefferies confirms its buy rating on the stock, with a price target raised from 530 to 600 dollars.
The analyst reports that the revenue forecast for 2023 has been raised by $100 million despite a drop in revenue for the DX segment of $100 million linked to certain contracts.
The software publisher is now targeting an adjusted EPS (non-GAAP) between 15.65 and 15.75 dollars and a turnover between 19.25 and 19.35 billion.
Fiscal 2024 should also prove to be ‘strong’, according to Jefferies, as Adobe bolsters its AI monetization plan. Details of this plan are expected within the next 3-4 months.
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