Mizuho cuts Adobe stock price target on CEO transition, valuation
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices remain near $100 as Iran supply fears overshadow Russia measures Iran latest: Trump tells G7 Iran set to surrender; U.S. plane crash kills 4 crew Oil prices float near $100 a barrel amid ongoing Iran war - what’s moving markets Hormuz oil flows down 97% from normal levels, Goldman Sachs says (South Africa Philippines Nigeria) Mizuho cuts Adobe stock price target on CEO transition, valuation By Analyst Ratings Published 03/13/2026, 07:23 AM Mizuho cuts Adobe stock price target on CEO transition, valuation 0 ADBE -1.44% Investing.com - Mizuho lowered its price target on Adobe Inc. (NASDAQ:ADBE) to $315 from $340 while maintaining an Outperform rating. Adobe reported first-quarter revenue of $6.40 billion, above the Street’s $6.28 billion forecast. Total Annual Recurring Revenue grew 10.9% year-over-year in constant currency, in line to slightly below the Street’s estimate of approximately 11% constant currency growth. The company’s gross profit margin stands at an impressive 89.4%, underscoring its pricing power and operational efficiency. Adobe announced that CEO Shantanu Narayen will transition from the role and remain as chair after a successor is appointed. Management reaffirmed its fiscal 2026 guidance, including its 10.2% Total ARR growth target. Mizuho noted Adobe is now monetizing its Generative AI innovations despite tough competition and ongoing macro uncertainty. The firm believes Adobe can deliver on its fiscal 2026 growth targets. Adobe trades at 8.7 times calendar year 2027 estimated free cash flow. Mizuho stated the valuation is attractive. According to InvestingPro analysis, the stock appears significantly undervalued based on its Fair Value calculation, placing it among compelling opportunities on the most undervalued stocks list. The company’s PEG ratio of 0.45 suggests strong value relative to growth prospects. For deeper insights, investors can access Adobe’s comprehensive Pro Res...
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