Adobe (ADBE) stock price is down over 2% so far for the day. The Adobe earnings report indicated $3.20 in EPS and $4.11B in revenue. The company has announced changes to the executive leadership team. Mizuho's Gregg Moskowitz says that they have cut the ADBE stock price target to $685 from $695, while keeping a buy rating. He believes that the fiscal 4Q earnings largely disappointed, but is confident that the company remains well positioned from digital transformation.
17 Dec 2021