Adobe price target raised to $375 from $370 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Adobe to $375 from $370 and keeps a Neutral rating on the shares. The company reported "very solid" fiscal Q1 results and remains well positioned to benefit from digital transformation with its highly comprehensive end-to-end offering, the analyst tells investors in a research note. However, Adobe’s past several quarters have been uneven, and an increasingly challenging macro could add more pressure, says the firm.