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