
Royal Bank Of Canada Lowers Adobe (NASDAQ:ADBE) Price Target to $430.00

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Royal Bank Of Canada has lowered its price target for Adobe (NASDAQ:ADBE) from $480.00 to $430.00 while maintaining an "outperform" rating. This new target suggests a potential upside of 21.52% from the current stock price. Other analysts have varied opinions, with some upgrading and others downgrading their ratings. Adobe's stock recently traded at $353.86, with a market cap of $150.11 billion and a P/E ratio of 22.69. The company reported strong quarterly earnings, exceeding estimates with $5.06 EPS and $5.87 billion in revenue.
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