Adobe price target raised to $610 from $550 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the firm’s price target on Adobe to $610 from $550 and keeps a Buy rating on the shares. The company’s “solid” fiscal Q3 results reinforce the view of Adobe is a winner in an emerging generative artificial intelligence world, the analyst tells investors in a research note. The firm says the “star of the show, once again and as expected, was Firefly.”