Adobe, Alphabet, Palo Alto Networks And More On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management said Adobe Inc. ADBE is going to have a good year.

Last month, the San Jose, California-based software company and Figma mutually agreed to terminate their previously announced $20 billion merger agreement. The deal was originally announced on Sept. 15, 2022, under which Adobe decided to snap Figma for a mix of cash and stock consideration.

Brian Belski of BMO Capital Markets said Alphabet Inc. GOOG GOOGL has underperformed over the past three months. The stock is expected to see some "massive rotation" over the next six months.

Alphabet’s Google announced a slew of new features for Android devices at the ongoing Consumer Electronics Show (CES) 2024.

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Shannon Saccocia of Boston Private named iShares S&P GSCI Commodity-Indexed Trust GSG amid potential growth in China.

Joseph Terranova of Virtus Investment Partners said Palo Alto Networks, Inc. PANW is ready to make another new all-time high.

On Wednesday, Citigroup analyst Fatima Boolani maintained Palo Alto Networks with a Buy rating and raised the price target from $280 to $335.

Price Action

• Alphabet shares gained 0.9% to close at $143.80
• Adobe shares gained 0.8% to settle at $591.03
• iShares S&P GSCI Commodity-Indexed Trust fell 0.8%
• Palo Alto Networks gained by 5.2% to $316.09 during Wednesday’s session.

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