Adobe Reaches Analyst Target Price
May 26, 2023 at 09:49 AM EDT
In recent trading, shares of Adobe Inc (ADBE) have crossed above the average analyst 12-month target price of $391.38, changing hands for $392.06/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..