Adobe no longer top pick at BMO Markets

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Adobe (ADBE) PT Lowered to $628 at Citi

March 11, 2024 9:10 AM EDT

Citi analyst Tyler Radke lowered the price target on Adobe (NASDAQ: ADBE) to $628.00 (from $632.00) while maintaining a Neutral rating.

The analyst comments "We expect a solid FQ1 for Adobe amid steady new user acquisition, upsells, and ~$70M in price increase tailwinds.... More