Baird Maintains Neutral on Adobe, Raises Price Target to $540
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Rob Oliver maintains a Neutral rating on Adobe (NASDAQ:ADBE) and raises the price target from $500 to $540.
September 15, 2023 | 3:35 pm
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Baird analyst maintains a Neutral rating on Adobe and raises the price target from $500 to $540.
The news directly pertains to Adobe as Baird analyst Rob Oliver maintains a Neutral rating on the company and raises the price target. This suggests that the analyst sees potential in the company's stock but also acknowledges the risks involved. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100