JP Morgan Maintains Neutral on Adobe, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sterling Auty maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $380 to $450.
June 13, 2023 | 4:43 pm
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JP Morgan maintains a Neutral rating on Adobe and raises the price target from $380 to $450.
The news of JP Morgan maintaining a Neutral rating on Adobe and raising the price target from $380 to $450 indicates that the analyst sees potential for the stock price to increase. However, the Neutral rating suggests that the analyst does not expect significant outperformance compared to the market. This news may not have a strong short-term impact on the stock price, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100