Wells Fargo analyst Michael Turrin maintained a Buy rating on Adobe (ADBE – Research Report) today and set a price target of $425.00. The company's shares closed last Thursday at $365.08, close to its 52-week low of $360.90. According to TipRanks.com, Turrin is ranked 0 out of 5 stars with an average return of -27.1% and a 20.0% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Tyler Technologies, and RingCentral. Currently, the analyst consensus on Adobe is a Strong Buy with an average price target of $496.24, which is a 34.3% upside from current levels.
https://www.tipranks.com/news/blurbs/wells-fargo-thinks-adobes-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
Adobe (NASDAQ:ADBE)
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