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The Hindu
16-06-2025
- Business
- The Hindu
Adobe shares slide as investors skeptical of quicker AI-adoption returns
Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro. The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
Yahoo
13-06-2025
- Business
- Yahoo
Adobe shares fall, investors skeptical of quicker AI-adoption returns
STORY: Shares of Adobe dropped as much as 7% Friday on concerns over when the software company will start seeing a boost to its business from new artificial intelligence features. That overshadowed its higher annual revenue forecast, which sent shares up after it reported results late Thursday. An analyst from CFRA Research said, "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization.' The maker of Photoshop and Premiere Pro video editing software said in April that it would add AI models from OpenAI and Google to its generative AI tool. The tool - called Firefly - allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges Analysts from RBC said in a note that 'it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI.' At least five brokerages cut their price target on Adobe's stock following the second-quarter results. Shares have dropped about 12% so far in 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
13-06-2025
- Business
- Economic Times
Adobe shares slump 7% as investors skeptical of quicker AI-adoption returns
Adobe's stock experienced a 7% drop due to investor apprehension regarding the timeline for AI integration to yield profits, despite an increased annual revenue forecast. Concerns about competitive pressures and the monetization of AI initiatives have led to lowered price targets from several brokerages. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges."While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 least five brokerages cut their price target on the Adobe stock following the second-quarter session's losses, the stock has fallen around 13% so far this company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
Time of India
13-06-2025
- Business
- Time of India
Adobe shares slump 7% as investors skeptical of quicker AI-adoption returns
Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast . "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Gunung Batu (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro . Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. Live Events "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
Time of India
13-06-2025
- Business
- Time of India
Adobe shares slide as investors skeptical of quicker AI-adoption returns
Adobe's shares dropped 7% in early trading on Friday as investors' concern that the company's AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast . "(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization," said Angelo Zino, senior equity analyst at CFRA Research. The San Jose, California-based creative software veteran is relied on by creatives for its tools including Photoshop and Premiere Pro . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo The company said in April that it would add AI models from OpenAI and Google to Firefly, its generative AI tool. The tool allows users to create and edit images and videos for commercial purposes through basic text prompts without facing copyright challenges. Live Events "While guidance was raised and management remains positive around demand generation, it feels like it will take more time to prove out these (AI) initiatives and quiet concerns of competition around GenAI," RBC analysts said in a note. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Adobe now expects full-year 2025 revenue between $23.50 billion and $23.60 billion, up from its prior estimates of $23.30 billion to $23.55 billion. At least five brokerages cut their price target on the Adobe stock following the second-quarter results. Including session's losses, the stock has fallen around 13% so far this year. The company's 12-month forward price-to-earnings ratio stands at 18.88, compared with Autodesk's 29.16.
