Mizuho Upgrades Adobe to Buy, Raises Price Target to $630
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has upgraded Adobe (NASDAQ:ADBE) from Neutral to Buy and raised the price target from $520 to $630.
September 08, 2023 | 11:28 am
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POSITIVE IMPACT
Adobe's stock has been upgraded to Buy from Neutral by Mizuho, with a raised price target of $630, up from $520.
The upgrade from Neutral to Buy and the increase in price target by Mizuho indicates a positive outlook for Adobe. This could lead to increased investor confidence and potentially a rise in Adobe's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100