KeyBanc analyst Jackson Ader upgraded Adobe (ADBE) to Sector Weight from Underweight. The firm sees little room for downside as well as revisions to fundamentals through the remainder of the year. Given that assumption, it is hard to argue for continued multiple compression relative to peers, the analyst tells investors in a research note, adding that it believes the shares are “fairly valued.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Adobe’s Strong AI-Driven Growth and Strategic Positioning Earns Buy Rating
- Adobe’s AI Ambitions and Strategic Shifts Justify Hold Rating Amid Competitive Challenges
- Adobe’s Generative AI Innovations and Attractive Valuation Drive Buy Rating and $575 Price Target
- BMO Capital sees dislocation in Adobe’s growth potential and valuation
- Adobe seeing traction with new subscription revenue metrics, says RBC Capital
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue