Wall Street analysts downgrade ADBE and SAIL, cutting price targets. Check other analysts' views on these stocks. Photo via Shutterstock.
Stifel cuts Adobe from $350 to $200 (Buy to Hold), Evercore from $325 to $225 (Outperform to In-Line); BofA downgrades SailPoint to Neutral. Adobe downgrade signals SaaS valuation pressure; SailPoint remains exposed to IAM consolidation risk.
Top Wall Street analysts changed their outlook on these top names.
For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Stifel analyst Parker Lane downgraded Adobe Inc (NASDAQ:ADBE) from Buy to Hold and cut the price target from $350 to $200.
Adobe shares closed at $218.80 on Thursday.
See how other analysts view this stock.
Adobe Down Over 8%, on Track for Lowest Close Since February 2018 — Data Talk
Adobe beats expectations but another top executive leaves, putting pressure on its stock - SiliconANGLE
Adobe CFO exit fans strategy worries despite outlook raise - The Economic Times
Adobe beats Q2 earnings expectations, announces CFO departure
Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
Adobe CFO exit fans strategy worries despite outlook raise
