Adobe surges as AI optimism fuels annual revenue forecast

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Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group

June 17, 2024 5:52 AM EDT

Bernstein SocGen Group analyst Mark Moerdler raised the price target on Adobe (NASDAQ: ADBE) to $660.00 (from $653.00) while maintaining a Outperform rating.

The analyst comments "Adobe had a good quarter with beats on all major metrics, full-year guidance raises, and the stock subsequently up over 15% in the aftermarket. The... More