Adobe (ADBE) PT Raised to $315 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Adobe (NASDAQ: ADBE) to $315.00 (from $300.00) while maintaining an Outperform rating following 'steady' results.

• "Against growing concern about the macro backdrop, and the potential resulting impact to marketing spend more specifically, we thought Adobe delivered a very strong quarter, highlighted by $341 million of Creative ARR growth and by beating on most other metrics."

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