Adobe: Jefferies says buy before results

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on, and $700 target price for Adobe shares, believing that the nervousness ahead of the earnings release - scheduled for 11 December after trading - could present an opportunity.


Negative sentiment persists, with the share price down 8% YTD and investors bracing themselves for a group revenue growth target of 8%-9% for FY 2025, the broker notes.

Jefferies considers a cautious target of 10% to be more likely, and believes that even Adobe fans are reluctant to take the plunge before the quarterly publication, creating an opportunity if the forecasts turn out to be good enough.


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