Citigroup Maintains Neutral on Adobe, Raises Price Target to $621
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe but raises the price target from $550 to $621.
September 11, 2024 | 4:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup analyst Tyler Radke maintains a Neutral rating on Adobe, indicating no strong buy or sell recommendation. However, the price target is raised from $550 to $621, suggesting potential upside.
The raised price target from $550 to $621 suggests that Citigroup sees potential for Adobe's stock to increase, despite maintaining a Neutral rating. This could lead to a positive short-term impact on the stock price as investors may interpret the higher target as a sign of confidence in Adobe's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100