On June 18th, Glonui reported that Adobe (adobe.us) rose more than 2% to $529.47. In terms of news, Citigroup's report pointed out that Adobe's second-quarter performance as of the end of May may have been the strongest in the software industry this quarter. Its strong digital media business net annualized recurring income exceeded expectations, and most of its indicators for the fiscal year 2025 are steadily growing, avoiding adverse effects such as macroeconomics. The bank expects Adobe's stock price to continue to have good upside potential, and to recover from the situation of underperformance from the beginning of the year to the present. The bank maintains a "neutral" rating for Adobe, with a target price raised from $529 to $550.
美股异动｜Adobe涨超2% 获花旗上调目标价至550美元
US Stocks Movement: Adobe rose more than 2%, and Citigroup raised its target price to $550.
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