- 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.
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