DA Davidson maintains Adobe’s (NASDAQ:ADBE) neutral rating and $350 price target

DA Davidson analyst Gil Luria maintains a neutral rating on Adobe (NASDAQ:ADBE) and a $350 price target. The analyst told investors in a research note that the company is ready for slower growth in the software market in 2023 and that the acquisition of Figma represents a good strategic fit; Despite the limited upside in the guidance, there is some ongoing uncertainty surrounding the Figma trade.

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