Barclays Maintains Overweight on Adobe, Raises Price Target to $675
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Saket Kalia maintains an Overweight rating on Adobe and raises the price target from $650 to $675.
September 04, 2024 | 1:50 pm
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Barclays analyst Saket Kalia has maintained an Overweight rating on Adobe and increased the price target from $650 to $675, indicating a positive outlook on the stock.
The increase in price target from $650 to $675 by Barclays suggests a positive outlook on Adobe's future performance. The Overweight rating indicates that the analyst expects Adobe to outperform the average total return of stocks in the analyst's coverage universe over the next 12 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100