Mizuho Reiterates Buy on Adobe, Lowers Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has reiterated a Buy rating on Adobe (NASDAQ:ADBE) but has lowered the price target from $680 to $640.
June 07, 2024 | 1:34 pm
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Mizuho analyst Gregg Moskowitz has reiterated a Buy rating on Adobe but has lowered the price target from $680 to $640.
The reiteration of the Buy rating is positive, but the lowered price target may indicate some concerns about Adobe's near-term performance. Overall, the impact is neutral as the positive Buy rating balances the negative adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100