Guggenheim analyst Kenneth Wong maintained a Hold rating on Adobe (ADBE – Research Report) on December 16. The company's shares closed last Friday at $556.64. According to TipRanks.com, Wong is a 5-star analyst with an average return of 19.2% and a 63.4% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Weave Communications, and Altair Engineering. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adobe with a $685.24 average price target, representing a 21.0% upside. In a report issued on December 17, Credit Suisse also maintained a Hold rating on the stock with a $625.00 price target.
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