Why These 5 Stocks Are on the Move on Friday

2. Adobe Inc. (NASDAQ:ADBE) is down 3.1% as of 11:09 AM ET after the target price of San Jose, California-based software giant was lowered more than 12% by Gregg Moskowitz at Mizuho earlier today. While maintaining a Buy rating on Adobe Inc. (NASDAQ:ADBE) stock, the analyst lowered the target price from $685 to $600, leaving a potential upside of 36% from the last closing stock price. Of the 924 hedge funds in Insider Monkey’s database, 94 held a position in Adobe Inc. (NASDAQ:ADBE) as of Q4 2021.