Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Adobe Inc. ADBE will release earnings results for its fourth quarter, after the closing bell on Wednesday, Dec. 11.

Analysts expect the San Jose, California-based company to report quarterly earnings at $4.67 per share, up from $4.27 per share in the year-ago period. Adobe projects to report revenue of $5.54 billion for the recent quarter, compared to $5.05 billion a year earlier, according to data from Benzinga Pro.

On Dec. 2, Adobe named Lara Balazs as Chief Marketing Officer.

Adobe shares fell 0.2% to close at $547.05 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Tyler Radke maintained a Neutral rating and cut the price target from $616 to $590 on Dec. 9. This analyst has an accuracy rate of 73%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and boosted the price target from $580 to $600 on Dec. 6. This analyst has an accuracy rate of 85%.
• Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $635 on Dec. 5. This analyst has an accuracy rate of 76%.
• UBS analyst Karl Keirstead maintained a Neutral rating and slashed the price target from $560 to $550 on Sept. 13. This analyst has an accuracy rate of 77%.
• B of A Securities analyst Brad Sills reiterated a Buy rating with a price target of $640 on Sept. 13. This analyst has an accuracy rate of 76%.

Considering buying ADBE stock? Here’s what analysts think:

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