Mizuho Maintains Neutral on Adobe, Raises Price Target to $520
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $450 to $520.

June 16, 2023 | 1:12 pm
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NEUTRAL IMPACT
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Adobe and raises the price target from $450 to $520.
The news of Mizuho maintaining a Neutral rating on Adobe and raising the price target from $450 to $520 indicates that the analyst sees potential growth in the stock. However, the Neutral rating suggests that the stock may not outperform the market in the short term. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100