This Is What Whales Are Betting On Adobe
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Adobe (NASDAQ:ADBE), with 66% of big-money traders also showing bearish sentiment. The price target for Adobe over the last 3 months has been between $420.0 to $630.0. Adobe's current price is $562.7, up 0.71%. Several experts have given their opinions on Adobe, with price targets ranging from $600 to $660.
November 03, 2023 | 3:15 pm
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A large investor has taken a bearish stance on Adobe, indicating potential downward pressure on the stock. However, expert price targets suggest a potential upside.
The bearish stance taken by a large investor, along with the bearish sentiment among 66% of big-money traders, could put downward pressure on Adobe's stock. However, the expert price targets, which are all above the current price, suggest a potential upside. This creates a mixed outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100