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Anushka Dutta

ADBE Stock Warning: Why This Analyst Just Cut His Price Target on Adobe

Adobe ADBE Citi Argus Research Mizuho

Software and solutions provider Adobe (ADBE) is under scrutiny amid a selloff in software stocks driven by fears over artificial intelligence (AI). Following the latest quarterly earnings, analysts at Citigroup maintained a “Neutral” rating but lowered the price target from $315 to $278, reflecting a change in market perspectives.

While Citi analyst Tyler Radke noted Adobe’s earnings beat, the slight slowdown in annualized recurring revenue (ARR) has raised concerns among analysts. Adding to the uncertainties is the company’s CEO, Shantanu Narayen, announcing his departure once a suitable replacement is found. Argus Research analyst Joseph Bonner downgraded Adobe from “Buy” to “Hold” after the news of the CEO transition.

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Top stories on inkl right now

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

CDC expects COVID-19, flu, and RSV hospital peaks near last winter's level as flu rises early on the West Coast. What the numbers mean for families.

France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France has experienced significant unrest following protests over rising living costs and public services, resulting in violence and property damage. More than 2,400 people were arrested nationwide as rioters targeted shops, city halls, and public offices. Prime Minister Sébastien Lecornu instructed local authorities to consider curfews to prevent further violence…

The Times of India

Adult Measles Case in Virginia Prompts Harrisonburg Exposure Alert as Symptom Window for Exposed People Opens October 19

Adult Measles Case in Virginia Prompts Harrisonburg Exposure Alert as Symptom Window for Exposed People Opens October 19

Virginia confirmed measles in an adult who visited a Harrisonburg business Oct. 12 and 13. Who is protected, which symptoms to watch for, and when to call.

Houston Pharmacy Behind Recalled Compounded Tirzepatide Vials Drew 14 FDA Inspection Observations, Including Exposed Skin and Research-Grade Ingredients

Houston Pharmacy Behind Recalled Compounded Tirzepatide Vials Drew 14 FDA Inspection Observations, Including Exposed Skin and Research-Grade Ingredients

FDA inspectors cited 14 sterility and manufacturing concerns at Houston RX, the maker of recalled compounded tirzepatide. What GLP-1 users should check.

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Ukrainians and Sudanese Keep TPS Protections as Salvadorans Face Similar Limbo

Ukrainians and Sudanese Keep TPS Protections as Salvadorans Face Similar Limbo

Ukrainian and Sudanese immigrants covered by Temporary Protected Status will retain their deportation protections and work permits beyond the programs' scheduled Oct. 19 expiration, according to CBS News, entering the same uncertain wait that Salvadorans have faced since their own deadline passed last month.

Mississippi woman keeps $1.2m farm despite ex-husband’s claim after using it to finance their home

Mississippi woman keeps $1.2m farm despite ex-husband’s claim after using it to finance their home

Ellen Harrison successfully retained sole ownership of her 432-acre Butler Road Farm after her divorce from Wiley Harrison. The Mississippi Court of Appeals upheld the lower court's ruling classifying the farm as non-marital property, given its purchase before their marriage. Wiley challenged the ruling, claiming marital asset status due to…

The Times of India

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Top stories on inkl right now

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

CDC expects COVID-19, flu, and RSV hospital peaks near last winter's level as flu rises early on the West Coast. What the numbers mean for families.

France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

France has experienced significant unrest following protests over rising living costs and public services, resulting in violence and property damage. More than 2,400 people were arrested nationwide as rioters targeted shops, city halls, and public offices. Prime Minister Sébastien Lecornu instructed local authorities to consider curfews to prevent further violence…

The Times of India

Adult Measles Case in Virginia Prompts Harrisonburg Exposure Alert as Symptom Window for Exposed People Opens October 19

Adult Measles Case in Virginia Prompts Harrisonburg Exposure Alert as Symptom Window for Exposed People Opens October 19

Virginia confirmed measles in an adult who visited a Harrisonburg business Oct. 12 and 13. Who is protected, which symptoms to watch for, and when to call.

Houston Pharmacy Behind Recalled Compounded Tirzepatide Vials Drew 14 FDA Inspection Observations, Including Exposed Skin and Research-Grade Ingredients

Houston Pharmacy Behind Recalled Compounded Tirzepatide Vials Drew 14 FDA Inspection Observations, Including Exposed Skin and Research-Grade Ingredients

FDA inspectors cited 14 sterility and manufacturing concerns at Houston RX, the maker of recalled compounded tirzepatide. What GLP-1 users should check.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Ukrainians and Sudanese Keep TPS Protections as Salvadorans Face Similar Limbo

Ukrainians and Sudanese Keep TPS Protections as Salvadorans Face Similar Limbo

Ukrainian and Sudanese immigrants covered by Temporary Protected Status will retain their deportation protections and work permits beyond the programs' scheduled Oct. 19 expiration, according to CBS News, entering the same uncertain wait that Salvadorans have faced since their own deadline passed last month.

Mississippi woman keeps $1.2m farm despite ex-husband’s claim after using it to finance their home

Mississippi woman keeps $1.2m farm despite ex-husband’s claim after using it to finance their home

Ellen Harrison successfully retained sole ownership of her 432-acre Butler Road Farm after her divorce from Wiley Harrison. The Mississippi Court of Appeals upheld the lower court's ruling classifying the farm as non-marital property, given its purchase before their marriage. Wiley challenged the ruling, claiming marital asset status due to…

The Times of India

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Selena Gomez reveals vaping nicotine has changed her voice

The singer and actress, 34, told how she has since quit vaping and encouraged others to do the same.

Evening Standard

Missing for 69 Years, royal tiara heads to auction for $1.3M

A diamond tiara known as the Mellerio Orléans Tiara will be auctioned on November 11 in Geneva. Originally crafted in 1862 for a royal exhibition, it features a Greek Revival design. After being lost for nearly 69 years, it is expected to fetch between $946,000 and $1.33 million. The tiara…

The Times of India

Sweet corn can turn dark after home canning even when it was processed correctly; natural compounds can react with iron and air to create the unexpected colour

Sweet corn may develop brown or black hues after home canning due to chemical reactions. These color changes often occur without spoilage, despite proper canning practices. The reactions involve enzymes and minerals, which can influence the corn's appearance. High-quality water and appropriate processing temperatures are crucial for maintaining color. It…

The Economic Times

Emperor of Nothing by Blake J Harris review – the definitive portrait of Larry David

The Seinfeld creator went from luckless standup to multi-millionaire – but what’s his secret?

The Guardian - UK

'I've never had a real job': Shaq talks building his brand through ads, and says he hates 'wealthy athletes' who show off. It 'makes me sick'

The NBA legend explains how his endorsements built his brand and why he turned down Wheaties because he doesn't endorse what he doesn't believe in.

SNL UK obliterates controversial US comedian Shane Gillis in foul-mouthed sketch

US comedian sparked wave of controversy after joking that ‘women dress like whores now’

The Independent UK

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