In the past week, analysts have significantly lowered their target prices for three global stocks: Adobe, French Rémy Cointreau and Israeli software provider NICE. Rémy Cointreau and NICE shares are also trading among the global stocks screened by CNBC Pro in the United States, which have received price target cuts from five or more analysts in the past seven days and have potential upside of more than 25%. Five analysts lowered their price targets ahead of Adobe’s second-quarter earnings report after the bell on Thursday. Analysts say investors are worried about Adobe’s competitive advantage compared with startups such as Canva and Figma. They added that the market is concerned about competition between OpenAI, Midjourney and Google in text-to-image generation artificial intelligence models. “The company operates in a ‘bad neighborhood’ (weak customer engagement, (small and medium-sized businesses), consumer demand), rising competitive concerns, and its AI positioning,” Oppenheimer analysts led by Brian Schwartz said in a note. Uncertain. “This shows that the possibility of exceeding and improving growth expectations is relatively high. ” He lowered his price target on the stock to $580 from $660. Despite the lower expectations, analysts are overall optimistic about the stock, with a consensus buy rating and the average price target predicting a 37.8% upside over the next 12 months. Potential. Rémy Cointreau It’s also been a tough week for Cognac, liqueur and champagne maker Remy Cointreau, with ten analysts lowering their price targets on the stock over the past week due to the cycle in demand for the company’s products. UBS analysts led by Sanjeet Aujla said they “lacked confidence in the cognac category” even if demand for its products increased in the short term. Can we maintain high single-digit revenue growth?” They added that geopolitical risks could lead to U.S. and Chinese tariffs and cut their price target to 93 euros ($100.31) per share from 100 euros previously. “Due to sensitivity considerations, if China imposes tariffs on Cognac at a dumping margin of 16%, if Rémy Martin fails to pass, we estimate that this will have an 8% impact (on EBIT) in the U.S., if not Fully passing on the 10-25% tariff on cognac imports, earnings before interest and taxes will be affected by 6-16%. The company’s stock market value is approximately US$4.64 billion, and it is traded over the counter in Europe and the United States, with sufficient liquidity. A company that develops customer relationship management software, five analysts have lowered their price targets in the past week, as investors worry that the Israeli technology company, also listed on the Nasdaq, will face business disruptions due to the rise of artificial intelligence. In response, the company said it is developing its artificial intelligence and digital business, which accounts for 8% of its cloud revenue and annual revenue of $150 million. Analysts at Royal Bank of Canada (RBC) lowered their target price to $230 per share from $265. , but remains unconvinced. “Given the unclear definition, will this be enough to calm investor concerns about GenAI disruption,” RBC’s Rishi Jaluria said in a note to clients on June 12. But overall , analysts remain bullish on the stock, with an average price target of 16 analysts pointing to an upside potential of 64% over the next 12 months.
