Adobe Reports Record Q3 Revenue of $5.41 Billion, Driven by Innovation and Growth
Adobe Inc. (Nasdaq: ADBE) reports record Q3 2024 results with $5.41 billion in revenue, an 11% year-over-year increase. CEO Shantanu Narayen credits innovation and customer value for the success, while CFO Dan Durn highlights strong cash flow and profitability. The Digital Media segment generated $4.00 billion, showcasing Adobe’s leadership in creative solutions. With robust earnings and shareholder returns, Adobe is poised for continued growth in the competitive digital landscape.
Analyst Expectations For Adobe’s Future
Explore the latest analyst ratings and price targets for Adobe, including insights from top analysts like Brian Schwartz, Gil Luria, and Gregg Moskowitz. Discover how recent evaluations and adjustments are impacting the future outlook for Adobe.
Adobe Stock Down 23% YTD; Can Q2 Results Reverse The Trend?
Adobe stock has declined 23% YTD, but analysts anticipate a positive trend with Q2 results expected to exceed street estimates. Despite fluctuations, Adobe’s stock price has remained stable, with projections suggesting a continuation of growth. Forecasts indicate a 32% premium over the current market price, highlighting potential for a significant upturn.