Latest news with #FireflyApp
Business Insider
a day ago
- Business
- Business Insider
Adobe says Express adoption within businesses has been exciting
Says growing traction of the newly launched Firefly App web subscription and Photoshop mobile offerings. Says driving higher value from AI-infused Prime and Ultimate tiered offerings with existing and new customers. Says dynamic macroeconomic environment. Says leveraging AI to create exponential value in the creator economy. Says Express adoption within businesses has been exciting. Comments taken from Q2 earnings conference call. Confident Investing Starts Here:
Yahoo
13-03-2025
- Business
- Yahoo
Adobe Tumbles 10%, But AI Growth Could Fuel a Comeback
Adobe (NASDAQ:ADBE) took a 10% hit in early trading Thursday after reporting its latest financial results, but analysts see potential for a rebound as the company ramps up its generative AI revenue. Mizuho's Gregg Moskowitz admitted that Adobe's stock has been frustrating in fiscal 2024. However, he pointed out that the company is finally starting to see real gains from its AI efforts. While Mizuho trimmed its price target from $620 to $575, it stuck with an Outperform rating, expecting revenue and annual recurring revenue (ARR) to pick up next year. KeyBanc took a more cautious stance, keeping its Underweight rating and lowering its target to $390 from $450. Analyst Jackson Ader noted that Adobe's AI ARR from four standalone products hit $125 million, with plans to double that by year-end. Meanwhile, Citizens analysts, led by Patrick Walravens, held a Market Perform rating, pointing to rising competition from Canva and Figma as a key challenge. They believe Adobe's real opportunity lies in using AI to streamline workflows across its Creative, Document, and Experience clouds. On the earnings call, CEO Shantanu Narayen emphasized that AI-driven tools like Acrobat AI Assistant, Firefly App, and GenStudio are already adding more than $125 million in ARR, with expectations to double that figure by the end of fiscal 2025. This article first appeared on GuruFocus.
