Adobe (ADBE) Stock: $652 Price Target And Overweight Rating

By Amit Chowdhry ● Mar 20, 2022
  • The shares of Adobe Inc (NASDAQ: ADBE) have received a $652 price target from Morgan Stanley. These are the details.

The shares of Adobe Inc (NASDAQ: ADBE) have received a $652 price target from Morgan Stanley. And Morgan Stanley analyst Keith Weiss assigned the company an “Overweight” rating.

Weiss adjusted the rating ahead of Adobe’s fiscal first-quarter report. And Weiss is looking for increased visibility on three key points to potentially change the narrative, primarily Digital Media growth, the margin trajectory, and whether faster Digital Experience growth will come with increased investment.

Plus building confidence in a return to Digital Media beats and/or outsized Digital Experience growth can improve the weaker sentiment on the name.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.