Citigroup Maintains Neutral on Adobe, Lowers Price Target to $529
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe (NASDAQ:ADBE) but lowers the price target from $554 to $529.
June 10, 2024 | 6:08 pm
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NEUTRAL IMPACT
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe but lowers the price target from $554 to $529.
The Neutral rating suggests no strong buy or sell recommendation, while the lowered price target indicates a slightly less optimistic outlook. This could lead to a neutral or slightly negative short-term impact on Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100