RBC Capital analyst Matthew Swanson keeps an Outperform rating and $395 price target on Adobe ahead of the company’s Q1 results. Adobe should be able to step over a reasonable bar to start the year as consumer spending has remained durable and non-hyperscaler digital transformation appears resilient, the analyst tells investors in a research note. The firm adds however that investor sentiment for the stock continues to revolve around Figma, where no updates are expected.
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:
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Adobe price target raised to $395 from $390 at BMO Capital
- AI Is Here: Here Are 2 Stocks That Stand to Benefit, According to Analysts
- SNOW, ADBE, or AMZN: Which Cloud Stock Earns Wall Street’s “Strong Buy” Rating?
- Largest borrow rate increases among liquid names