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Franklin Resources Inc. Has $725.40 Million Holdings in Adobe Inc. $ADBE
Franklin Resources Inc. increased its stake in Adobe Inc. by 6.1% in the third quarter, bringing its total holdings to over $725 million. Other major institutional investors like Vanguard Group Inc. and Invesco Ltd. also adjusted their positions in Adobe. Despite institutional interest, analysts have mixed ratings on Adobe, with a consensus “Hold” rating and an average price target of $383.08, while recent news highlights both positive sentiment around AI integration and negative pressure from analyst downgrades and rising short interest.