Wells Fargo Maintains Overweight on Adobe, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Overweight rating on Adobe (NASDAQ:ADBE) and raises the price target from $525 to $600.
June 16, 2023 | 12:26 pm
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Wells Fargo maintains an Overweight rating on Adobe and raises the price target from $525 to $600.
The news of Wells Fargo maintaining an Overweight rating on Adobe and raising the price target from $525 to $600 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