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Adobe delivered ‘clean’ Q4 beat, says RBC Capital

RBC Capital keeps an Outperform rating and $430 price target on Adobe (ADBE) after its Q4 results. The company minimized the noise while delivering a clean beat to end the year as its management continues to build the narrative around its role as a the central orchestration layer for digital assets, the analyst tells investors in a research note. Adobe has also accentuated its growing list of partner integrations and expanding use cases, RBC added.

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