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Benzinga
Benzinga
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Benzinga Insights

BMO Capital Maintains Outperform Rating for Adobe: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of Adobe (NASDAQ:ADBE) and lower its price target from $535.00 to $450.00.

Shares of Adobe are trading up 0.36% over the last 24 hours, at $372.98 per share.

A move to $450.00 would account for a 20.65% increase from the current share price.

About Adobe

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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