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Top Wall Street Forecasters Revamp Adobe Price Expectations Ahead Of Q1 Earnings

1. Adobe to report Q1 earnings on March 12, expecting $4.97 per share. 2. Anticipated revenue is $5.66 billion, up from $5.18 billion year-over-year. 3. Adobe's Q4 revenue of $5.61 billion exceeded estimates of $5.54 billion. 4. Recent analyst ratings show mixed outlooks with several price target reductions. 5. Adobe shares fell slightly to $433.66 before earnings announcement.

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FAQ

Why Bearish?

Price target reductions by multiple analysts indicate lowered expectations for Adobe's performance.

How important is it?

Earnings expectations and analyst ratings directly influence investor sentiment and stock price.

Why Short Term?

Near-term earnings report might lead to immediate market reactions depending on results.

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