Adobe (ADBE) is expected to report fiscal 2025 first-quarter results after the closing bell Wednesday, with analysts mostly bullish leading into the report and next week's Adobe Summit.

Of the 17 analysts covering the stock tracked by Visible Alpha, 10 have issued "buy" or equivalent ratings, with six giving a "hold" rating and one a "sell" rating. Their consensus price target of near $551 would suggest roughly 25% upside from Monday's intraday level of about $438.

The Creative Cloud developer is expected to report adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) that rose 11% year-over-year to $4.97 on revenue that rose 9% to $5.66 billion.

Analysts Say Next Week's Adobe Summit Could Be More Informative

The results come ahead of next week's Adobe Summit, which analysts at RBC Capital Markets said could be the more informative event, particularly in terms of updates on generative 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) metrics. The analysts lowered their pꦐrice target to $550 from $590 but maintained an "outperform" 🅷rating.

Firefly, Adobe's generative AI platform, released a video model in February, which Stifel analysts called "a step forward in firming up its monetization strategy." Stifel affirmed a $600 price target and "buy" rating.

Shares of Adobe, which fell 2.5% Monday amid a broad tech selloff, are down about 20% over the past 12 months.