Morgan Stanley Maintains Equal-Weight on Adobe, Raises Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Adobe (NASDAQ: ADBE) and raises the price target from $385 to $470.
June 12, 2023 | 1:18 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Adobe and raises the price target from $385 to $470.
Morgan Stanley's raised price target for Adobe indicates a positive outlook for the stock. The increased 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