Adobe Stock Gets a Buy Rating Ahead of Earnings. AI Is Just One Reason.

📆 08/09/2023 14:06:00
📰 MarketWatch

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The upgrade comes ahead of the company's fiscal third-quarter earnings results

A Mizuho analyst boosted his rating on Adobe stock to Buy, citing demand for the software provider’s artificial intelligence tools and improved fundamentals.

Since June, analysts at UBS, BofA Global Research, and Wells Fargo have all boosted their target price on shares. BofA and Wells Fargo also upgraded their rating on shares to Buy. The average analyst price target on shares is $561.93, according to FactSet. The upgrade is also “a function of accelerating web traffic, an improving pipeline and likelihood of a return to larger deals,” he added.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock Market News Today: Dow Falls More Than 200 Points; AMC Stock in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »