RBC Capital Reiterates Outperform on Adobe, Maintains $630 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 $630.
March 27, 2024 | 2:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital maintains an Outperform rating on Adobe with a $630 price target.
The reiteration of an Outperform rating by a reputable analyst firm like RBC Capital, along with a high price target of $630, suggests a strong bullish outlook for Adobe. This endorsement is likely to instill confidence among investors, potentially driving short-term positive momentum in Adobe's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100