Citigroup Maintains Neutral on Adobe, Raises Price Target to $570
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $544 to $570.
September 13, 2023 | 2:35 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Adobe and raises the price target from $544 to $570.
The news is directly related to Adobe. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target could suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100