Morningstar Raises Adobe (ADBE) Price Target to $569

Published: June 18, 2021, 4:07 p.m.

b'Adobe (ADBE) earnings report was strong. Adobe is a high quality name with a strong moat, says Dan Romanoff of Morningstar. Morningstar raised its price target to $569 from $520. Dan sees strength in all segments and all geographies regarding quarterly results.'