Adobe Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Adobe Inc. ADBE is expected to report its second quarter fiscal year 2023 results after the closing bell on June 15, 2023.

Analysts expect the company to post quarterly earnings at $3.79 per share, compared to year-ago earnings of $3.35 per share. The company’s revenue might come in at $4.43 billion.

Adobe shares rose 0.1% to close at $479.53 on Wednesday and added 0.2% in today’s pre-market trading session.

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.

• Jefferies analyst Brent Thill maintained a Buy rating and boosted the price target from $440 to $530 on June 12, 2023. This analyst sees around 11% upside in the company’s stock and has an accuracy rate of 74%.
• Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating and increased the price target from $385 to $470 on June 12, 2023. This analyst sees around 2% downside in the company’s stock and has an accuracy rate of 76%.
• BMO Capital analyst Keith Bachman maintained a Market Perform and increased the price target from $400 to $500 on June 9, 2023. This analyst sees around 4% upside in the company’s stock and has an accuracy rate of 76%.
• Piper Sandler analyst Brent Bracelin maintained an Overweight rating and boosted the price target from $415 to $500 on June 8, 2023. This analyst sees around 4% upside in the company’s stock and has an accuracy rate of 74%.
• B of A Securities analyst Brad Sills maintained a Buy rating and increased the price target from $400 to $480 on June 2, 2023. This analyst sees around 0.1% upside in the company’s stock and has an accuracy rate of 78%.
•  

Read This Next: Traders More Optimistic Following Fed's Rate Decision