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Stock impact report

Adobe Inc. (ADBE)'s Upside Potential at 71% Despite Recent Price Target Reductions [Yahoo! Finance]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: Yahoo! Finance
to $290 from $400, citing the ongoing negative sentiment around application software names, while reiterating a Hold rating. Adobe Inc. (ADBE)'s Upside Potential at 71% Despite Recent Price Target Reductions Shares fell sharply in response to the development, slumping 4.61% on Monday to close at $246.68. Jefferies' update follows HSBC's adjustment on the stock on February 13, when it cut the price target to $302 from $388 with a Hold rating. The bank said it anticipates AI-powered tools to pose a competitive risk to the company over the medium to long term. Earlier in the month, on February 3, Piper Sandler downgraded Adobe Inc. (NASDAQ:ADBE) to Neutral from Overweight and cut its price target to $330 from $470. Despite recent price target reductions, the stock sports a Moderate Buy rating with an average share price upside potential 70.9%, as of the close on February 23. Adobe Inc. (NASDAQ:ADBE) is a global technology company that offers a range of web design tools, digital Show less Read more
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