Why Adobe (ADBE) Shares Are Trading Higher Thursday
Portfolio Pulse from Erica Kollmann
Adobe shares are trading higher after the company announced several product innovations at Adobe Summit EMEA 2023, including enhanced AI features for its Content Supply Chain Solution and expansions to its generative AI service, Sensei GenAI. Piper Sandler and Deutsche Bank maintained positive ratings and raised their price targets for Adobe.
June 08, 2023 | 4:34 pm
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Adobe shares are up after announcing product innovations at Adobe Summit EMEA 2023, including AI enhancements and Sensei GenAI expansion. Piper Sandler and Deutsche Bank raised their price targets.
The announcement of product innovations, including AI enhancements and Sensei GenAI expansion, demonstrates Adobe's commitment to innovation and growth. The positive ratings and raised price targets from Piper Sandler and Deutsche Bank further support the potential for Adobe's stock price to increase in the short term.
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