Reported about 7 hours ago
Barclays analyst Saket Kalia notes that Adobe's recently announced pricing tiers for its Creative Cloud—Pro and Standard—are expected to contribute to the company's fiscal 2025 guidance of 11% annual recurring revenue growth. The new pricing will take effect on June 17 for different user groups and follows previews at Adobe’s MAX analyst day last fall. Barclays maintains an Overweight rating with a $567 price target on Adobe's shares.
Source: YAHOO