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. (NASDAQ: 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. (NASDAQ: GOOG) (NASDAQ: 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 (NYSE: GSG) amid potential growth in China.

Joseph Terranova of Virtus Investment Partners said Palo Alto Networks, Inc. (NASDAQ: 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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