RBC Capital Maintains Outperform on Adobe, Lowers Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Adobe (NASDAQ:ADBE) but lowers the price target from $630 to $600.

June 05, 2024 | 5:47 pm
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RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Adobe but lowers the price target from $630 to $600.
The Outperform rating suggests continued confidence in Adobe's performance, but the lowered price target indicates some caution about its near-term growth potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100