Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Adobe Systems Inc (ADBE.O)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-01-24	519.66	575.00	Neutral
2022-02-22	438.40	460.00	Neutral
2022-06-06	429.46	450.00	Neutral
2022-06-16	365.08	415.00	Neutral
2022-09-15	309.13	320.00	Neutral
2022-12-11	330.64	350.00	Neutral
2023-02-14	377.90	400.00	Neutral
2023-02-26	320.54	370.00	Neutral
2023-05-29	415.39	440.00	Neutral
2023-06-16	495.18	525.00	Neutral
2023-09-05	564.88	600.00	Neutral
2024-03-14	570.45	540.00	Neutral
2024-06-14	525.31	560.00	Neutral
2024-09-13	536.87	550.00	Neutral
2024-12-11	549.93	525.00	Neutral
2025-01-02	441.00	475.00	Neutral
2025-03-13	377.84	460.00	Neutral
2025-03-19	387.89	410.00	Neutral
2025-04-11	352.47	380.00	Neutral

Disclosures

UBS Securities LLC makes a market in the securities and/or ADRs of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.