Adobe Inc. (NASDAQ:ADBE) shares are trading up Monday after several firms maintained their ratings on the stock and raised their respective price targets.
What To Know: Adobe received three analyst price target increases on Monday afternoon.
Morgan Stanley analyst Keith Weiss maintained Adobe at Equal-Weight and raised the price target from $385 to $470.
Jefferies analyst Brent Thill maintained Adobe at Buy and raised the price target from $440 to $530.
Evercore ISI Group analyst Kirk Materne maintained Adobe at Outperform and raised the price target from $425 to $475.
This news comes three days before the company is set to report second-quarter earnings, on June 15.
Adobe is estimated to report earnings per share of $3.52 and revenue of $4.43 billion, according to Benzinga Pro.
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ADBE Price Action: Shares of ADBE were up 4.76% at $475.63 at the time of publication, according to Benzinga Pro.
Image by StartupStockPhotos from Pixabay
