Adobe shares are trading higher after the company announced new products and AI programs in Adobe Experience Cloud. Also, multiple firms increased their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
Adobe shares are trading higher following the announcement of new products and AI programs in Adobe Experience Cloud. Several firms have also increased their price targets for the company.
June 08, 2023 | 3:13 pm
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POSITIVE IMPACT
Adobe's stock price is trading higher due to the announcement of new products and AI programs in Adobe Experience Cloud, as well as increased price targets from multiple firms.
The announcement of new products and AI programs in Adobe Experience Cloud indicates the company's continuous innovation and growth potential. This, combined with increased price targets from multiple firms, has led to a positive short-term impact on Adobe's stock price.
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