TD Cowen Maintains Buy on Adobe, Lowers Price Target to $625
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Derrick Wood maintains a Buy rating on Adobe (NASDAQ: ADBE) but lowers the price target from $640 to $625.
June 10, 2024 | 1:11 pm
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NEUTRAL IMPACT
TD Cowen analyst Derrick Wood maintains a Buy rating on Adobe but lowers the price target from $640 to $625.
The Buy rating suggests continued confidence in Adobe's performance, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100