RBC Capital Reiterates Outperform on Adobe, Maintains $615 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has reiterated an Outperform rating on Adobe (NASDAQ:ADBE) and maintained a price target of $615.
December 14, 2023 | 3:30 pm
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RBC Capital analyst reaffirms an Outperform rating on Adobe with a $615 price target, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a major analyst like RBC Capital suggests a strong vote of confidence in Adobe's future performance. This endorsement, especially with a high price target of $615, could positively influence investor sentiment and potentially drive the stock price up in the short term.
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