Wells Fargo Upgrades Adobe to Overweight, Raises Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin upgrades Adobe (NASDAQ:ADBE) from Equal-Weight to Overweight and raises the price target from $420 to $525.
June 09, 2023 | 9:33 am
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Adobe's stock rating has been upgraded to Overweight by Wells Fargo, with a raised price target of $525.
The news of Wells Fargo upgrading Adobe's stock rating to Overweight and raising the price target to $525 is likely to have a positive impact on the stock price in the short term. Investors may see this as a sign of increased confidence in the company's performance and growth potential, leading to increased demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100