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Stock impact report

Adobe (ADBE) Is A Major Stock To Buy According To Analysts [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
the rating on Adobe Inc (NASDAQ:ADBE) stock from $287 to $253. Despite a 12% reduction in the target price, the new price target still represents 3.7% upside from here on. Radke refuses to upgrade the Hold rating on ADBE shares as he does not see any changes in events that could increase the value of shares over the next 12 months. Adobe Inc (NASDAQ:ADBE) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts. This negative sentiment was evident across the software sector, mainly due to an announcement from Anthropic just a day earlier. The Project Glasswing announced on April 9 has the capability to detect security flaws in modern software, which is resulting in negative sentiment across software companies, particularly cybersecurity firms. As a result of this, analysts like Radke are becoming increasingly selective when picking software stocks. On March 26, William Blair, a research firm, downgraded ADBE, citing intense competition in the software market. Show less Read more
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