Analysts Offer Divergent Views on Adobe, Salesforce, and Nvidia
Analysts have been weighing in on three major technology companies: Adobe (ADBE), Salesforce (CRM), and Nvidia (NVDA).
Citi analyst Tyler Radke assigned a Hold rating to Adobe with a price target of $301.00, which is a 2.4% upside from its last Monday closing price of $292.79.
The word on the Street suggests a Hold consensus rating for Adobe with an average price target of $259.83, indicating a -9.7% downside from current levels.
In contrast, Salesforce (CRM) has received a Buy rating from CMB International Securities analyst Saiyi He, who set a price target of $312.00, representing a 21.3% upside from its last Monday closing price of $257.54.
The general consensus on the Street is a Moderate Buy rating for Salesforce with an average price target of $267.75, implying a 5.3% upside from current levels.
Nvidia (NVDA) has been given a Strong Buy rating by Phillip Securities analyst Yik Ban Chong, who set a price target of $300.00, indicating a 36.2% upside from its last Monday closing price of $220.78.