In a report released on September 16, Kash Rangan from Goldman Sachs reiterated a Buy rating on Adobe (ADBE - Research Report), with a price target of $540.00. The company's shares opened today at $297.19.According to TipRanks, Rangan is a 5-star analyst with an average return of 7.2% and a 54.97% success rate. Rangan covers the Technology sector, focusing on stocks such as Microsoft, Salesforce, and Splunk.In addition to Goldman Sachs, Adobe also received a Buy from Deutsche Bank's Brad Zelnick in a report issued on September 16. However, today, Wells Fargo downgraded Adobe (NASDAQ: ADBE) to a Hold.
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