Adobe Systems Incorporated (ADBE) : 13 analysts are covering Adobe Systems Incorporated (ADBE) and their average rating on the stock is 1.46, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Adobe Systems Incorporated (ADBE) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Adobe Systems Incorporated (ADBE) : The most positive equity analysts on Adobe Systems Incorporated (ADBE) expects the shares to touch $125, whereas, the least positive believes that the stock will trade at $97 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $111 with an expected fluctuation of $9.25 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Adobe Systems Incorporated (NASDAQ:ADBE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.85 and $100.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.67, notching a gain of 1.04% for the day. The total traded volume was 2,259,559 . The stock had closed at $100.62 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Marketing Officer) of Adobe Systems Inc, Lewnes Ann had sold 4,000 shares worth of $393,600 in a transaction dated July 29, 2016. In this transaction, 4,000 shares were sold at $98.4 per share.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Companys operates in three segments: Digital Marketing, Digital Media, and Print and Publishing. In Digital Media, the Company is engaged in providing tools, services and solutions that enable to create, publish and promote their content. In Digital Marketing, the Company is engaged in providing solutions and services for creating, managing, executing, measuring and optimizing digital advertising and marketing campaigns. Adobes Print and Publishing segment addresses various market opportunities, including eLearning solutions, technical document publishing, Web application development and high-end printing.