UBS Maintains Adobe (ADBE) Neutral Recommendation

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2023-09-07 03:03:00  • 3 mins

Fintel reports that on September 6, 2023, UBS maintained coverage of Adobe (NASDAQ:ADBE) with a Neutral recommendation.

Analyst Price Forecast Suggests 0.88% Upside

As of August 30, 2023, the average one-year price target for Adobe is 566.94. The forecasts range from a low of 432.28 to a high of $693.00. The average price target represents an increase of 0.88% from its latest reported closing price of 562.01.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Adobe is 19,805MM, an increase of 7.47%. The projected annual non-GAAP EPS is 15.51.

  • For more in-depth coverage of Adobe, view the free, crowd-sourced company research report on Finpedia.

What is the Fund Sentiment?

There are 3910 funds or institutions reporting positions in Adobe. This is an increase of 168 owner(s) or 4.49% in the last quarter. Average portfolio weight of all funds dedicated to ADBE is 0.77%, an increase of 10.26%. Total shares owned by institutions decreased in the last three months by 1.02% to 410,996K shares. The put/call ratio of ADBE is 1.09, indicating a bearish outlook.

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