BMO Lowers Adobe Price Target To $400
BMO Capital lowered its price target for Adobe to $400 from $405 on December 15 while maintaining an Outperform rating after Adobe reported robust Q4 FY2025 results. Adobe posted upside in net new annual recurring revenue (ARR) and total revenues and guided roughly in line for FY26, though BMO cited competitive pressure in lower-end users and AI segments.
Key Points
- 1BMO lowers Adobe price target to $400 and keeps an Outperform rating on Dec. 15
- 2Highlights Adobe delivered upside in net new ARR and total revenues, beating low expectations
- 3Warns competitive pressure in lower-end and AI segments, implying cautious investor expectations for growth
Scoring Rationale
Analyst update on Adobe's solid results provides actionable investor signal, limited by company-specific scope and modest novelty.
Sources
Public references used for this report.
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