Citi raises Adobe price target ahead of Sept. 10 earnings
Citi lifted its price target on Adobe NASDAQ:ADBE to $301 from $228 while keeping a Neutral rating ahead of the September 10 earnings report.
Adobe NASDAQ:ADBE is approaching its September 10 earnings report with a more achievable bar and improving AI momentum, according to Citi, which raised its price target to $301 from $228. The bank kept a Neutral rating and said a possible third-quarter beat and guidance increase could obscure the bigger story.