Adobe Inc. ADBE will release its first-quarter financial results, after the closing bell, on Wednesday, March 12.

Analysts expect the San Jose, California-based company to report quarterly earnings at $4.97 per share, up from $4.48 per share in the year-ago period. Adobe projects quarterly revenue of $5.66 billion, compared to $5.18 billion a year earlier, according to data from Benzinga Pro.

On Dec. 11, 2024, Adobe reported fourth-quarter revenue of $5.61 billion, beating the consensus estimate of $5.54 billion.

Adobe shares fell 0.3% to close at $433.66 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Tyler Radke maintained a Neutral rating and cut the price target from $551 to $490 on March 10, 2025. This analyst has an accuracy rate of 67%.
• Wells Fargo analyst Michael Turrin maintained an Overweight rating and slashed the price target from $640 to $600 on March 7, 2025. This analyst has an accuracy rate of 61%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and cut the price target from $570 to $515 on Feb. 19, 2025. This analyst has an accuracy rate of 81%.
• Deutsche Bank analyst Brad Zelnick downgraded the stock from Buy to Hold and slashed the price target from $600 to $475 on Jan. 8, 2025. This analyst has an accuracy rate of 69%.
• UBS analyst Karl Keirstead maintained a Neutral rating and cut the price target from $525 to $475 on Jan. 3, 2025. This analyst has an accuracy rate of 74%.

Considering buying ADBE stock? Here’s what analysts think:

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