These Analysts Boost Their Forecasts On Adobe Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
Adobe Inc. reported better-than-expected Q2 results with a 10% YoY revenue increase to $4.82 billion, beating the consensus estimate of $4.43 billion. Analysts from Piper Sandler, RBC Capital, Wells Fargo, and Morgan Stanley raised their price targets on Adobe following the earnings announcement.
June 16, 2023 | 12:37 pm
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Adobe's better-than-expected Q2 results led to multiple analysts raising their price targets on the stock.
Adobe's Q2 results exceeded expectations, with a 10% YoY revenue increase. This positive news led to analysts from Piper Sandler, RBC Capital, Wells Fargo, and Morgan Stanley raising their price targets on the stock, indicating a bullish outlook for the company in the short term.
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