Oppenheimer Maintains Outperform on Adobe, Lowers Price Target to $580
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Adobe (NASDAQ:ADBE) but lowers the price target from $660 to $580.
June 06, 2024 | 1:28 pm
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Oppenheimer analyst Brian Schwartz maintains an Outperform rating on Adobe but lowers the price target from $660 to $580.
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 80
RELEVANCE 100