Jefferies and Citi cut Adobe price targets after Q3 results
Jefferies and Citi reduced their price targets for Adobe following the company’s fiscal third-quarter results, citing lingering concerns about Adobe’s growth trajectory despite improving AI-related metrics.
Adobe Inc. (ADBE) shares drew attention after Jefferies and Citi lowered their price targets following the software maker’s fiscal third-quarter (Q3) results, according to TheFly. Both firms cited lingering concerns about Adobe’s growth trajectory, even as AI metrics improved.