RBC Capital Reinstates Outperform on Adobe, Maintains $415 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Matthew Hedberg reinstated Adobe (NASDAQ:ADBE) with an Outperform rating and maintained a $415 price target.
May 19, 2023 | 12:52 pm
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Adobe has been reinstated with an Outperform rating by RBC Capital analyst Matthew Hedberg, who maintains a $415 price target.
The reinstatement of Adobe's Outperform rating by RBC Capital analyst Matthew Hedberg indicates a positive outlook for the company's stock. The maintained $415 price target suggests that the analyst believes the stock has potential for growth in the short term. This news is likely to have a positive impact on Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100