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<Research>CMBI Trims Adobe (ADBE.US) TP to USD350 Amid Concerns Over Intensified AI Application Competition
Adobe (ADBE.US)'s 1QFY26 total revenue and non-GAAP net profit grew by 12% YoY to USD6.4 billion and USD2.49 billion respectively, both broadly in line with market expectations...
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<Research>CMBI Trims Adobe (ADBE.US) TP to USD350 Amid Concerns Over Intensified AI Application Competition
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Adobe (ADBE.US)      's 1QFY26 total revenue and non-GAAP net profit grew by 12% YoY to USD6.4 billion and USD2.49 billion respectively, both broadly in line with market expectations, according to a research report from CMBI.

Affected by the weakness in the traditional Adobe Stock business and the company's strategy to boost free monthly active users, Adobe's annual recurring revenue growth slowed to 10.9% YoY during the period, compared to 11.5% in the previous quarter.

Related NewsUnemployment Rate for Mar in United States is 4.3%, lower than the previous value of 4.4%. The forecast was 4.4%.
CMBI, after factoring in market concerns over intensified competition in AI applications, has lowered its target price for Adobe to USD350 but kept the Buy rating unchanged.
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