Mizuho analyst Gregg Moskowitz raised the firm’s price target on Adobe to $370 from $360 and keeps a Neutral rating on the shares post the Q4 results. The company reported a "solid and drama-free quarter, a welcome result after what has generally been a choppy" fiscal 2022, Moskowitz tells investors in a research note. However, Adobe’s past several quarters have been quite uneven, and an increasingly challenging macro could add more pressure, says the analyst.
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