Business / Finance

Wells Fargo Upgrades Adobe (ADBE)

2023-06-09 16:31:58 • 3 mins

Fintel reports that on June 9, 2023, Wells Fargo upgraded their outlook for Adobe (NASDAQ:ADBE) from Equal-Weight to Overweight .

Analyst Price Forecast Suggests 5.96% Downside

As of June 1, 2023, the average one-year price target for Adobe is 412.85. The forecasts range from a low of 324.21 to a high of $504.00. The average price target represents a decrease of 5.96% from its latest reported closing price of 439.03.

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

The projected annual revenue for Adobe is 19,805MM, an increase of 10.03%. 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?

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