UBS analyst Karl Keirstead raised the firm’s price target on Adobe to $400 from $350 and keeps a Neutral rating on the shares. After taking an initial look at the impact of generative AI on Adobe, UBS has concluded that the near-term risks seem low, not enough to build a bear case around, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ADBE: