Analysts Sound Alarm on Tech Giants: ADBE, CRM and NVDA
Analysts have weighed in on three top tech companies - Adobe (ADBE), Salesforce (CRM) and Nvidia (NVDA). Citi analyst Tyler Radke gave ADBE a Hold rating, with a price target of $301.00.
This is lower than the current share price of $292.79. According to TipRanks.com, Radke has a 4-star ranking with an average return of 5.6% and a success rate of 52.3%.
Overall, there's a Hold consensus rating on ADBE from analysts, with a $259.83 average price target - a 9.7% downside from current levels.
CMB International Securities analyst Saiyi He gave Salesforce (CRM) a Buy rating in a recent report, with a price target of $312.00, representing a 21.1% upside from the current share price of $257.54.
He has an average return of 5.4% when recommending CRM, and his overall success rate is 46.2%. TipRanks.com ranks him #610 out of 12,504 analysts.