BMO Capital Maintains Outperform on Adobe, Raises Price Target to $690
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained an Outperform rating on Adobe (NASDAQ:ADBE) and increased the price target from $670 to $690.
December 08, 2023 | 5:01 pm
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POSITIVE IMPACT
BMO Capital has reaffirmed its Outperform rating on Adobe and raised the price target to $690, indicating a positive outlook on the stock.
The increase in price target by BMO Capital suggests a strong conviction in Adobe's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100