Adobe Stock Upgraded on Beat-and-Raise
Adobe Inc (NASDAQ:ADBE) reported fiscal second-quarter earnings and revenue that beat expectations. The company also raised its annual revenue forecast thanks to strong demand for its artificial intelligence (AI) editing tools. At last glance, ADBE is up 14.7% to trade at 580 and $570. Six other analysts lifted their price targets as well. Coming into today, 23 of 32 firms in ...