Piper Sandler Maintains Overweight on Adobe, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Adobe (NASDAQ:ADBE) and raises the price target from $572 to $650.

September 15, 2023 | 10:07 am
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POSITIVE IMPACT
Piper Sandler has maintained an Overweight rating on Adobe and raised the price target from $572 to $650.
The news of Piper Sandler maintaining an Overweight rating on Adobe and raising the price target is likely to have a positive impact on Adobe's stock in the short term. This is because the raised price target indicates the analyst's increased confidence in the company's performance, which could attract more investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100