Adobe, Salesforce, and Nvidia: Analysts Weigh In on Tech Giants
Analysts have been weighing in on several major technology companies, including Adobe (ADBE), Salesforce (CRM), and Nvidia (NVDA).
Citi analyst Tyler Radke assigned a Hold rating to Adobe with a price target of $301.00. This follows a report from Jefferies that also maintained a Hold rating with a $285.00 price target.
Adobe's shares have been trading at around $292.79, and the average price target for the stock is $259.83, indicating a potential downside of -9.7% from current levels.
Salesforce (CRM), on the other hand, received a Buy rating from CMB International Securities analyst Saiyi He with a price target of $312.00. The company's shares have been trading at around $257.54, and the average price target for the stock is $267.75, indicating a potential upside of 5.3% from current levels.
Nvidia (NVDA) received a Buy rating from Phillip Securities analyst Yik Ban Chong with a price target of $300.00. The company's shares have been trading at around $220.78, and the average price target for the stock is $327.45, indicating a potential upside of 49.6% from current levels.