RBC Capital Maintains Outperform on Adobe, Lowers Price Target to $630
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Adobe (NASDAQ:ADBE) but lowered the price target from $650 to $630.

March 15, 2024 | 4:04 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Adobe's Outperform rating is maintained by RBC Capital, though its price target has been reduced from $650 to $630.
The maintenance of an Outperform rating by RBC Capital indicates a positive outlook on Adobe's performance. However, the reduction in the price target from $650 to $630, although minor, suggests a slight adjustment in expectations regarding Adobe's future stock price performance. This adjustment might reflect new data or market conditions but doesn't significantly alter the overall positive stance. Investors might see this as a minor recalibration rather than a cause for concern.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100