Wells Fargo raised the firm’s price target on Adobe to $625 from $600 and keeps an Overweight rating on the shares. The firm sees a fairly straightforward setup into Q3, and expects investor attention to quickly turn towards the Oct MAX conference afterwards, which it views as the more meaningful near-term catalyst for Adobe’s shares.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADBE: