Adobe (ADBE) shares fell by over 8% on Friday after reporting fourth-quarter guidance that disappointed Wall Street. The creative software developer topped earnings estimates, posting $5.41 billion in revenue ($5.37 billion expected) and adjusted earnings of $4.65 per share ($4.53 expected).
Market Domination co-hosts Julie Hyman and Josh Lipton report on analyst calls on Adobe stock as the company attempts to find its footing in AI monetization.
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This post was written by Luke Carberry Mogan.
Video Transcript
Take a look at shares of Adobe here down in today’s trade after fourth quarter, uh, guidance did fall short of expectations.
Analysts calling the forecast disappointing.
It looks like investors feel the same way 8% in today’s trade, and investors have these continued questions about a I monetization here.
Um, what do bulls say on a day like this?
Uh, Brent till over Jeffrey?
We know Brent well, told his clients.
Still a buy in the name says, Listen, these were strong Q three results.
And as for what’s ahead, continues to bet 2025 could be the year of a I monetization.
So he stays a buyer.
Yeah, I mean, heh Weiss over at Morgan Stanley, is an overweight.
He called this disappointing as well.
Keith Bachmann at BMO is an app for he said.
It was disappointing, too.
So there seems like a lot of just women go around, especially for a stock that’s already down.
Well, including today, it’s down about 10% on the year, has not really participated in the A I upswing.
Still, there are 35 buys on the stock