Goldman Sachs Maintains Buy on Adobe, Raises Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Buy rating on Adobe (NASDAQ:ADBE) and raises the price target from $480 to $550.
June 20, 2023 | 12:49 pm
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Goldman Sachs maintains Buy rating on Adobe and raises price target from $480 to $550.
The news of Goldman Sachs maintaining a Buy rating on Adobe and raising the price target from $480 to $550 is positive for the stock. This indicates that the analyst believes the stock has potential for further growth and is likely to perform well in the short term. The raised price target suggests an increased confidence in the company's prospects, which could attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100