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.
Published first on TheFly
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