DA Davidson Upgrades Adobe to Buy, Raises Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria has upgraded Adobe (NASDAQ:ADBE) from Neutral to Buy and raised the price target from $500 to $640.
October 26, 2023 | 8:24 am
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POSITIVE IMPACT
Adobe's stock has been upgraded to Buy from Neutral by DA Davidson, with a raised price target of $640, up from $500.
The upgrade from Neutral to Buy indicates a positive outlook for Adobe's stock. The raised price target suggests that the analyst expects the stock to perform well in the future, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100