Exane BNP Paribas Downgrades Adobe to Underperform, Announces $499 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Stefan Slowinski has downgraded Adobe (NASDAQ:ADBE) from Neutral to Underperform and set a price target of $499. This reflects a more bearish outlook on the company's stock.
January 18, 2024 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Adobe has been downgraded by Exane BNP Paribas from Neutral to Underperform with a price target of $499, indicating a negative outlook on the stock.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The new price target of $499 suggests that the analyst sees limited upside potential or possible downside from the current trading level, which could influence investor sentiment and stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100