RBC Raised Adobe’s Target Before an “In Line” Quarter — Because Its Peers Got More Expensive Raising Adobe Inc. 's price target to $315.
00 may seem like a straightforward endorsement, but it's actually a reflection of the broader software sector's recovery.
Analyst Matthew Swanson attributes this move to peer multiple expansion rather than any changes expected in Adobe's upcoming quarterly report. Adobe has posted impressive numbers, with revenue reaching a record $6.