Latest news with #AdobeInc
Yahoo
21-05-2025
- Business
- Yahoo
Barclays Reiterates Buy Rating on Adobe (ADBE)
On May 16, Barclays analyst Saket Kalia reiterated a Buy rating on Adobe Inc. (NASDAQ:ADBE) with a $567 price target as the company is set to introduce its new pricing tiers for its Creative Cloud offerings. The analyst sees Adobe's strategic price adjustments to positively impact its revenue streams, which are already factored into the company's FY2025 ARR guidance. The analyst cited that the new price for Adobe's Pro tier offers a 17-18% increase, while the Standard tier represents an 8-9% discount. Adobe has been highlighting these price adjustments for some time now, however, this development aligns with the company's broader strategy to improve its product offerings, cited Kalia. The products with new prices will be available from June 17, as this move is expected to strengthen Adobe's market position and accelerate future growth. Adobe Inc. (NASDAQ:ADBE) is a technology company that offers creator tools and services to individuals, teams, and enterprises to create, publish, and promote content. While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
19-05-2025
- Business
- Yahoo
Adobe (ADBE) Stock Rises As Analysts Back Price Hike Move
Adobe Inc. (NASDAQ:ADBE) shares rose 3% on May 16 after analyst firm Jefferies maintained its Buy rating for the company's stock with a $590 price target. Following the announcement of a price increase for its Creative Cloud All Apps plans, which will take effect on June 17 or upon subscription renewal, analyst Brent Thill expressed confidence in Adobe's financial outlook. Copyright: photogearch / 123RF Stock Photo Leading software development company Adobe Inc. (NASDAQ:ADBE) is renowned for its state-of-the-art digital media solutions. Its primary products, which include Creative Cloud, are essential tools for the creative industries and companies worldwide. Following sneak peeks of Creative Cloud updates at Adobe's MAX analyst day last fall, several market analysts say the new tiers should not come as a shock. More importantly, the change is expected to support Adobe's revenue forecast for fiscal year 2025, which predicts a growth rate of 8.9% at the halfway point, compared to 10.8% growth in fiscal year 2024. Thill stated that the company's revenue projections now seem conservative due to the price increase, which was already included in the FY25 guidance. He also added that the price increase should strengthen Adobe's position in the artificial intelligence market, especially when combined with the company's Firefly plans, which range from $10 to $200 per month. While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Adobe (ADBE) Stock?
Back in 2024, on May 14, a caller on the Mad Money show asked about Adobe Inc. (NASDAQ:ADBE), concerned about its 20% decline year-to-date and underperformance relative to its price targets at the time. The caller specifically wanted to know whether to hold or sell ahead of its upcoming earnings, to which Cramer replied with: "No no no no, it's really the cheapest I've seen. And a lot of this is — it's down 20% year — a lot of this is because [of the] belief that they weren't able to buy this Convergent, and that they have too expensive a suite offering and they have to cut the price of the suite offering. You know Shantanu Narayen's going to figure this one out. Now I don't know how he's going to figure it out. I don't have an answer for him. But I'm betting. I'm not running Adobe, and I know that he's a smart person, and therefore I'm backing with him. At the level of 475, give or take like 10 or 15 points. So there I go.' Cramer's support for Adobe was misplaced, with the stock falling 16.07% since he urged investors to back the CEO. Adobe Inc. (NASDAQ:ADBE) is a multinational software company known for its Creative Cloud suite, powering digital content creation across design, marketing, and publishing. Addressing the company again in April, Cramer highlighted some possible reasons for the stock's fall, saying: "Adobe, what a great company. Its stock is down almost 35% from its high set last year […] Adobe has come up with a few AI tools of its own headlined by Adobe Firefly - it's a Lamborghini, wow! It's a really impressive technology. But the problem is OpenAI can also do these things too. So is Adobe being hurt or helped by AI? It's really hard to say. […] I'm not sure I'd stick my neck out for Adobe with its generative AI threats." While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Time of India
15-05-2025
- Business
- Time of India
People who use AI will replace those who don't: Adobe CEO Shantanu Narayen
Adobe CEO Shantanu Narayen believes AI users will replace non-users, likening it to past shifts with automation and computers. He highlights AI's rapid adoption as disruptive yet full of opportunity. During his India visit, he emphasised Adobe's growth, India's tech evolution, and long-term optimism amid global economic and policy uncertainties. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads People who use AI will replace people who don't use AI, just like people who used automation or computers probably replaced those who didn't, said Adobe Inc chairman and chief executive Shantanu Narayen adding that the speed and accessibility at which the technology shift is happening this time is making it seem more 62-year-old, who has been steering the $21.5 billion software giant for almost two decades, spoke with ET during a recent India visit and said that India is seeing dramatic growth with a significant shift in how people are consuming the technology and software. Edited companies like Adobe, we have the wherewithal, the brand, the capability... So in economic downturns, stronger companies actually should get stronger. Second thing we say at Adobe is, we plan for the upside and we'll react to the downside. I would say because we've had this massively successful economic run, the sentiment is probably a little bit more negative, as a result of all these things. But you know, if you think about it as building a company for the long run, it's another blip on the way to long term growth.I'm still a big believer in the Indian and the American economy. As long as the Indian economy and the American economy do well, it's good for both countries. The relentless move towards allowing for free trade, whatever that free may mean between countries, is the way it's going to go. It's true that Post-Covid, people have all said supply chains also need to be closer to home, maybe for security reasons for other reasons. But I like to focus on the things that I can control, which is building great software and serving customers.I always tell the story of my graduating class, 65% went to the US. My brother, who's older than me, 90% of his graduating class went to the US. And now I think the new generation, 5% go to the US. This is phenomenal for India, because people are finding incredible ways to grow their career and contribute to India. A lot of this work can be done remotely. It's a sign of the changing times. And we're not one of those companies, unlike the systems integrators or outsourcers who have this big issue with visas or who use AI will replace people who don't use AI, just like people who used automation or computers probably replaced those who didn't. So, that is my fundamental belief. People will be required to create different forms of skill to differentiate their craft. I think what's different this time is the speed at which it's happening and the accessibility at which it's happening. People are going to see this as more disruptive, but I think it's a job of companies like Adobe to view this as an opportunity and leverage it rather than fight it.
Yahoo
14-05-2025
- Business
- Yahoo
Robert Karr's Strategic Move: Taiwan Semiconductor Manufacturing Co Ltd Takes Center Stage
Warning! GuruFocus has detected 3 Warning Sign with MSFT. Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 168,000 shares, accounting for 4.82% of the portfolio and a total value of $27.888 million. Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Adobe Inc (NASDAQ:ADBE), with an additional 29,500 shares, bringing the total to 219,400 shares. This adjustment represents a significant 15.53% increase in share count, a 1.96% impact on the current portfolio, with a total value of $84,146,480. Robert Karr (Trades, Portfolio) completely exited 3 of the holdings in the first quarter of 2025, as detailed below: Bumble Inc (NASDAQ:BMBL): Robert Karr (Trades, Portfolio) sold all 675,000 shares, resulting in a -0.95% impact on the portfolio. Constellation Brands Inc (NYSE:STZ): Robert Karr (Trades, Portfolio) liquidated all 9,815 shares, causing a -0.38% impact on the portfolio. Robert Karr (Trades, Portfolio) also reduced position in 1 stock. The most significant changes include: Reduced Quanta Services Inc (NYSE:PWR) by 18,450 shares, resulting in a -7.45% decrease in shares and a -1.01% impact on the portfolio. The stock traded at an average price of $288.97 during the quarter and has returned 20.80% over the past 3 months and 9.13% year-to-date. At the first quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 8 stocks, the top holdings included 36.07% in Microsoft Corp (NASDAQ:MSFT), 20.47% in Dutch Bros Inc (NYSE:BROS), 14.54% in Adobe Inc (NASDAQ:ADBE), 12.48% in Uber Technologies Inc (NYSE:UBER), 10.06% in Quanta Services Inc (NYSE:PWR). The holdings are mainly concentrated in 4 of all the 11 industries: Technology, Consumer Cyclical, Industrials, Consumer Defensive. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
