UBS Maintains Neutral on Adobe, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $525 to $600.

September 06, 2023 | 1:48 pm
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UBS analyst Karl Keirstead maintains a Neutral rating on Adobe and raises the price target from $525 to $600.
The news is directly related to Adobe. UBS analyst Karl Keirstead maintains a Neutral rating on Adobe, indicating that the stock is expected to perform in line with the market or sector in the next 12 months. However, the price target has been raised from $525 to $600, suggesting a potential upside. This could have a neutral to slightly positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100