Price Target Update on Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated (NASDAQ:ADBE) : 12 investment research analysts covering Adobe Systems Incorporated (NASDAQ:ADBE) have an average price target of $108.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $122 and the lowest target is $97 for the short term. Analysts expect the variance to be within $8.16 of the average price.

Other Equity analysts have also commented on the company shares. Dougherty & Company maintains their rating on the shares of Adobe Systems Incorporated (NASDAQ:ADBE). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $122 per share from $116 per share. The rating by the firm was issued on April 4, 2016.

Adobe Systems Incorporated (NASDAQ:ADBE): stock turned positive on Thursday. Though the stock opened at $94.73, the bulls momentum made the stock top out at $96.28 level for the day. The stock recorded a low of $94.31 and closed the trading day at $96.21, in the green by 2.34%. The total traded volume for the day was 3,803,197. The stock had closed at $94.01 in the previous days trading.

The company shares have rallied 12.00% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $100.56 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $97.23 and the 200 Day Moving Average price is recorded at $91.57. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lewnes Ann, officer (EVP, Chief Marketing Officer) of Adobe Systems Inc, had unloaded 4,000 shares at an average price of $99.4 in a transaction dated on May 27, 2016. The total value of the transaction was worth $397,600.

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 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.

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