In a report released today, Patrick Walravens from JMP Securities maintained a Hold rating on Adobe (ADBE – Research Report). The company's shares closed last Thursday at $566.09. According to TipRanks.com, Walravens is a 5-star analyst with an average return of 22.3% and a 62.2% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Duck Creek Technologies, and Qualtrics International. Adobe has an analyst consensus of Strong Buy, with a price target consensus of $721.83, implying a 24.8% upside from current levels. In a report issued on December 13, J.P. Morgan also downgraded the stock to Hold with a $680.00 price target.
https://www.tipranks.com/news/blurbs/jmp-securities-keeps-a-hold-rating-on-adobe-adbe?utm_source=advfn.com&utm_medium=referral