Adobe Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Adobe Inc. ADBE is expected to report its financial results for the third quarter, after the closing bell on Sept. 14, 2023.

Analysts expect the company to post quarterly earnings at $3.98 per share, up from year-ago earnings of $3.4 per share. The company’s revenue might come in at $4.87 billion, compared to $4.43 billion in the year-ago period.

Adobe shares gained 2.1% to close at $553.56 on Wednesday.

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.

• BMO Capital analyst Keith Bachman maintained an Outperform rating and boosted the price target from $600 to $640 on Sept. 12, 2023. This analyst has an accuracy rate of 76%.
• Jefferies analyst Brent Thill maintained a Buy rating and raised the price target from $600 to $660 on Sept. 11, 2023. This analyst has an accuracy rate of 74%.
• Barclays analyst Saket Kalia maintained an Equal-Weight rating and increased the price target from $540 to $620 on Sept. 8, 2023. This analyst has an accuracy rate of 71%.
• TD Cowen analyst Derrick Wood maintained an Outperform rating and increased the price target from $575 to $600 on Sept. 8, 2023. This analyst has an accuracy rate of 71%.
• UBS analyst Karl Keirstead maintained a Neutral rating and raised the price target from $525 to $600 on Sept. 6, 2023. This analyst has an accuracy rate of 74%.

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