tiprankstipranks
Trending News
More News >

Adobe price target raised to $475 from $424 at BofA

BofA analyst Brad Sills raised the firm’s price target on Adobe (ADBE) to $475 from $424 and keeps a Buy rating on the shares. Q2 results and outlook reflect “solid execution in a sluggish software demand backdrop,” says the analyst, who adds that Adobe’s AI optionality is “very much intact.” A raised FY26 outlook is “a break from this reporting season, with most software companies opting not to flow through upside to the full year,” which suggests a more resilient, diversified business as well as good execution on growth initiatives, the analyst added in a post-earnings note.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1