Several financial institutions have recently updated their price forecasts for Adobe Systems. Bernstein has adjusted its price target upward to $667 from $660, affirming an Outperform rating. Similarly, Baird has revised its price target to $590 from $540, maintaining a neutral rating. TD Cowen, on the other hand, has lowered its price target to $650 from $665 but continues to uphold an Outperform rating.
Stifel has increased its price target for Adobe Systems to $625 from $600, reiterating a buy rating. Melius Research has also raised its price target, setting it at $735 compared to the previous $660, and maintains a buy rating. Jefferies has joined the trend by increasing its price target to $700 from $660 while retaining a buy rating.
Analysts collectively give Adobe Systems an average rating of Outperform. The price targets for Adobe Systems, as indicated by various analysts, span a range from $428 to $735, reflecting a diverse spectrum of expectations within the financial community.
