Adobe (ADBE) announced new tiers for its Creative Cloud Franchise, Pro and Standard, which are set to take effect on June 17 for individuals, students and teachers, and teams, Barclays analyst Saket Kalia tells investors in a research note. The firm thinks the new tiers for Creative Cloud should come as no surprise following previews of this move at Adobe’s MAX analyst day last fall and believes the pricing tiers are included in its fiscal 2025 guidance of 11% year over year annual recurring revenue growth. Barclays has an Overweight rating and $567 price target on Adobe shares.
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DJ Kamal Mustafa
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