Adobe (ADBE) PT Raised to $600 at Wells Fargo

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/30/2026

1. INTC
2. AMZN
3. RDDT
4. COIN
5. PINS
6. FSLR
7. SYK
8. DASH
9. GILD
10. SBUX

Go back to Adobe (ADBE) PT Raised to $600 at Wells Fargo

Wall Street analysts encouraged by Adobe Systems (ADBE) Q2 earnings

June 16, 2023 7:32 AM EDT

Adobe Systems (NASDAQ: ADBE) reported positive second-quarter earnings after the close on Thursday, topping analyst consensus expectations.

The software firm reported Q2 EPS of $3.91, $0.12 better than the analyst estimate of $3.79, while revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.77 billion.

Here's how Wall Street analysts reacted to the report:

Wells Fargo's Michael Turrin raised the firm's price target on the stock to $600 from $525, maintaining an Overweight rating.

"ADBE's Q2 results are likely to keep the recent momentum going, as the company... More