When it comes to the company’s second-quarter results, which are scheduled to be released on Thursday, analysts expect consumer spending to slow due to difficult macroeconomic conditions. Adobe ADBE +0.22 percent was given a new Wall Street-low price target on Tuesday as a result.

Shares of Adobe (NASDAQ: ADBE) were downgraded by Citi analyst Tyler Radke to a Neutral rating and a $425 price target. Adobe’s growth might be hampered if consumers and small companies aren’t spending as much on the company’s software, according to a report published Tuesday by Radke.

We expect growth will continue to decline in a more volatile macro environment with more [small and medium enterprise] and consumer risk,” he stated in his letter.

But Radke emphasized that a newly announced price hike should help offset such losses, particularly after the third quarter.

In a research note released on Tuesday, RBC Capital Markets analyst Matthew Swanson lowered his price objective from $600 to $500 while maintaining an Outperform rating. Despite the uncertain macroeconomic backdrop, he believes that profitable expansion is still important, despite the negative effects it may have on the bottom line.

Asked by Swanson in a research note, “The number one challenge for Adobe is on the longevity and robustness, especially of digital media, in an uneven climate.” “We believe the quarter was in line with expectations, and we are satisfied with the company’s projection.”

According to Deutsche Bank analyst Brad Zelnick, the company’s Digital Media and Digital Experience businesses are expected to have earnings that are in line with or slightly higher than expectations. Competition for Adobe’s Creative Suite and the state of the macroeconomy worry him more than just the company’s financial health.

Zelnick maintained a price objective of $575.00.

There is no software firm immune to economic recession, but we think Adobe should fare better than others because of its leverage to a more digital future, constant innovation, pricing power,  good execution, and category leadership,” stated the analyst in an email.

Premarket trade on Tuesday saw Adobe’s stock rise 0.6 percent to $373.91 per share. This year, the stock price has fallen by 34%.

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