Strong Results, Softer Outlook: What’s Next for Adobe Inc. (ADBE)?

Adobe Inc. (NASDAQ:ADBE) is among the most undervalued tech giants to buy according to hedge funds. As of December 26, Adobe Inc. (NASDAQ:ADBE) has a ‘Buy’ or equivalent rating from 67% of the analysts covering the stock. With a median price target of $422.50, the stock has an upside potential of 19.73%. On December 17, Tyler Radke from Citi raised the price target on ADBE to$ 387 from $366 and kept a ‘Neutral’ rating. This revision, implying an upside potential of approximately 10%, follows the company’s ...