Piper Sandler Maintains Overweight on Adobe, Raises Price Target to $705
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Adobe (NASDAQ:ADBE) and increased the price target from $650 to $705. This adjustment reflects a positive outlook on Adobe's stock performance.
January 02, 2024 | 2:32 pm
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POSITIVE IMPACT
Adobe's stock may see a positive short term impact due to Piper Sandler's increased price target from $650 to $705, indicating a bullish outlook from the analyst.
Price target increases by reputable analysts like Piper Sandler often lead to positive investor sentiment and can result in a short term increase in stock price. The Overweight rating reaffirms the analyst's confidence in Adobe's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100