Weekly Recap | Adobe -5.36%, Q4 guidance misses
Weekly Review·
- Adobe shares fell 5.36 % to close at 252.23 USD this week, underperforming the S&P 500 index.
- Although the third-quarter revenue and AI annual recurring revenue exceeded expectations, the fourth-quarter guidance fell short and CEO Shantanu Narayen announced his resignation.
- Financial institutions maintained a consensus neutral rating with an average target price of 279.05 USD, while market movements remained constrained by macro interest rate expectations.