HSBC Reduces PT on Adobe Inc. (ADBE) Stock

Adobe Inc. (NASDAQ:ADBE) is among the 14 Best Cloud Computing Stocks to Buy Right Now. HSBC Reduces PT on Adobe Inc. (ADBE) Stock On February 13, HSBC reduced its price objective on the company’s stock to $302 from $388, while keeping a “Hold” rating, as reported by The Fly. As per the firm, there are competitive risks for Adobe Inc. (NASDAQ:ADBE) from the AI-powered tools, which threaten to commoditize its core creative franchise. In a separate release, Piper Sandler downgraded Adobe Inc. (NASDAQ:ADBE ...