Wells Fargo Adjusts Adobe Target Price to $640 While Maintaining "Overweight" Rating

Jan 08, 2025

Wells Fargo has revised its target price for Adobe (ADBE, Financial), reducing it from $700 to $640. Despite the adjustment, the firm continues to maintain an "Overweight" rating for the stock. This indicates that Wells Fargo still sees potential in Adobe's market performance, albeit with a slightly more conservative price expectation.

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