RBC Capital Maintains Outperform on Adobe, Raises Price Target to $555
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Adobe (NASDAQ:ADBE) and raises the price target from $460 to $555.
June 16, 2023 | 12:25 pm
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POSITIVE IMPACT
RBC Capital maintains an Outperform rating on Adobe and raises the price target from $460 to $555.
The news of RBC Capital maintaining an Outperform rating on Adobe and raising the price target from $460 to $555 indicates a positive outlook for the company's stock. This is likely to have a positive impact on Adobe's stock price in the short term as investors may see this as a sign of confidence in the company's performance and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100