Where Adobe Stands With Analysts
Portfolio Pulse from Benzinga Insights
Adobe (NASDAQ:ADBE) has received 33 analyst ratings in the last quarter, with an average price target of $623.3, representing an upside from the current price of $611.2. The ratings include 9 bullish, 16 somewhat bullish, and 8 indifferent, with no bearish or somewhat bearish ratings. The current average price target has increased by 9.06% from the previous target of $571.50.
December 04, 2023 | 2:00 pm
News sentiment analysis
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POSITIVE IMPACT
Adobe has a positive outlook from analysts with an average price target of $623.3, suggesting an upside from its current price. The consensus includes 9 bullish and 16 somewhat bullish ratings, with an increase in the target price by 9.06% from the previous average.
The positive analyst ratings and the increased price target suggest that there is confidence in Adobe's future performance. With a majority of analysts giving bullish or somewhat bullish ratings and no bearish sentiments, the short-term impact on Adobe's stock price is likely to be positive. The significant increase in the average price target further reinforces the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100