Oppenheimer analyst Brian Schwartz maintained a Hold rating on Adobe (ADBE – Research Report) today. The company’s shares closed yesterday at $439.03.
According to TipRanks, Schwartz is a top 25 analyst with an average return of 22.4% and a 67.20% success rate. Schwartz covers the Technology sector, focusing on stocks such as Adobe, Agilysys, and PROS Holdings.
In addition to Oppenheimer, Adobe also received a Hold from Citi’s Tyler Radke in a report issued yesterday. However, on the same day, Deutsche Bank maintained a Buy rating on Adobe (NASDAQ: ADBE).
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Based on Adobe’s latest earnings release for the quarter ending March 3, the company reported a quarterly revenue of $4.66 billion and a net profit of $1.25 billion. In comparison, last year the company earned a revenue of $4.26 billion and had a net profit of $1.27…
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