Adobe (ADBE) Stock: $820 Price Target From Atlantic Equities

By Amit Chowdhry ● Updated November 26, 2021
  • The shares of Adobe Inc (NASDAQ: ADBE) have received a price target of $820 from Atlantic Equities. These are the details.

The shares of Adobe Inc (NASDAQ: ADBE) have received a price target of $820 from Atlantic Equities. And Atlantic Equities analyst Peter Sazel upgraded Adobe to “Overweight” from “Neutral” while increasing the price target from $600 upon assuming coverage of the stock.

Sazel noted that Adobe has a dominant position in the Creative Cloud business with high barriers to entry and pricing power. And Sazel is expecting it to retain market share and deliver mid-teens revenue growth and margin expansion.

Plus Sazel has a differentiated view on the Digital Experience segment with an above consensus forecast due to a positive take on new leadership.

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