Why Adobe Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Adobe Inc. (NASDAQ:ADBE) shares are trading up after receiving three analyst price target increases from Morgan Stanley, Jefferies, and Evercore ISI Group. The company is set to report Q2 earnings on June 15, with an estimated EPS of $3.52 and revenue of $4.43 billion.
June 12, 2023 | 7:48 pm
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Adobe shares are up after three analyst firms raised their price targets. The company is set to report Q2 earnings on June 15.
The stock price of Adobe is likely to go up in the short term due to the increased price targets from three analyst firms. This positive sentiment, combined with the upcoming Q2 earnings report, creates a favorable environment for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100