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Adobe price target lowered to $450 from $495 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on Adobe (ADBE) to $450 from $495 and keeps an Outperform rating on the shares. Having attended Canva’s Create 2025 event last week, the firm is impressed with that company’s portfolio, financial performance, and growth potential, the analyst tells investors in a research note. BMO adds that it is incrementally concerned about Adobe’s ability to compete with Canva for knowledge workers.

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