B of A Securities Upgrades Adobe to Buy, Raises Price Target to $630
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Brad Sills has upgraded Adobe (NASDAQ:ADBE) from Neutral to Buy and raised the price target from $575 to $630.
August 17, 2023 | 9:28 am
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Adobe's stock has been upgraded to Buy by B of A Securities, with a raised price target of $630.
The upgrade from Neutral to Buy indicates a positive outlook for Adobe's stock. The raised price target from $575 to $630 suggests that the analyst expects the stock to perform well in the short term. This could lead to increased investor interest and potentially a rise in Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100