Citigroup Maintains Neutral on Adobe, Raises Price Target to $610
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $570 to $610.
September 15, 2023 | 2:07 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Adobe and raised the price target from $570 to $610.
The news is directly related to Adobe as Citigroup has maintained its Neutral rating on the company and raised the price target. This suggests that Citigroup sees potential for Adobe's stock price to increase, but it's not necessarily a strong buy recommendation. Therefore, the impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100