Adobe (ADBE) PT Raised to $315 at RBC Capital

RBC Capital analyst Matthew Swanson raised the price target on Adobe (NASDAQ: ADBE) to $315.00 (from $285.00) while maintaining an Outperform rating.

The analyst commented: "Generative content check-in and Q3/26 preview; We expect Adobe to deliver in-line results when it reports earnings on 9/10. Investor focus will be on the updated pricing and go-tomarket strategy around increased freemium utilization as well as potential announcements of a new CEO, CFO or both. Recent stock performance has been driven in large part by improving SaaS sentiment, as we continue to feel a path to ARR re-acceleration remains the key to company-specific multiple expansion. Maintain our OP rating and raise our PT to $315 (from $285) on peer multiple expansion."

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