Analysts have slashed price targets on three stocks from around the world over the past week: Adobe , France's Remy Cointreau , and Israeli software provider NICE . Remy Cointreau and NICE shares are also traded in the U.S.
Pro screened for global stocks that have had price target cuts from five or more analysts in the past seven days, and also have potential upside of over 25%. Adobe Five analysts cut their price targets ahead of Adobe's second-quarter earnings report, released after the bell Thursday. Analysts say investors are concerned about Adobe's competitive moat versus startups such as Canva and Figma.
which builds customer relationship management software, saw five analyst price target cuts over the past week. Investors are worried that the Israeli technology company, which also has a listing on Nasdaq, will face a disruption in its business due to the rise in artificial intelligence. In response, the company has said it is growing its AI and digital business, which makes up 8% of its cloud revenue with $150 million in annual revenues.
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