Jefferies Maintains Buy on Adobe, Raises Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill maintains a Buy rating on Adobe (NASDAQ:ADBE) and raises the price target from $440 to $530.
June 12, 2023 | 1:56 pm
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Jefferies analyst Brent Thill maintains a Buy rating on Adobe and raises the price target from $440 to $530.
The news of Jefferies maintaining a Buy rating on Adobe and raising the price target from $440 to $530 is positive for the company. This indicates that the analyst has a bullish outlook on the stock, which could lead to increased investor confidence and potentially drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100