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Analysts Have Conflicting Sentiments on These Technology Companies: Adobe (ADBE) and PicS N.V. Class A (PICS)

Tipranks - Tue Feb 24, 4:04AM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on Adobe (ADBEResearch Report) and PicS N.V. Class A (PICSResearch Report).

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Adobe (ADBE)

Jefferies analyst Brent Thill maintained a Hold rating on Adobe today and set a price target of $290.00. The company’s shares closed last Friday at $258.61.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 4.2% and a 50.5% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $421.52 average price target, implying a 65.3% upside from current levels. In a report issued on February 9, TipRanks – xAI also downgraded the stock to Hold with a $293.00 price target.

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PicS N.V. Class A (PICS)

In a report released today, Gustavo Schroden from Citi initiated coverage with a Buy rating on PicS N.V. Class A and a price target of $28.00. The company’s shares closed last Friday at $15.71.

According to TipRanks.com, Schroden is ranked #3407 out of 12109 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PicS N.V. Class A with a $24.75 average price target, implying a 68.4% upside from current levels. In a report issued on February 19, HSBC also initiated coverage with a Buy rating on the stock with a $21.00 price target.

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