Adobe Systems Incorporated (NASDAQ:ADBE) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $122 and the lowest price target forecast is $97. The average forecast of all the analysts is $109.5 and the expected standard deviation is $8.91.
Adobe Systems Incorporated has lost 0.44% in the last five trading days and dropped 4.25% in the last 4 weeks. Adobe Systems Incorporated is up 0.66% in the last 3-month period. Year-to-Date the stock performance stands at 1.97%.
Adobe Systems Incorporated (NASDAQ:ADBE) : 11 analysts are covering Adobe Systems Incorporated (NASDAQ:ADBE) and their average rating on the stock is 1.55, which is read as a Buy. 7 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 (NASDAQ: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 2, which recommends a 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 (NASDAQ:ADBE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.48 and $94.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.79, notching a gain of 1.48% for the day. The total traded volume was 3,544,671 . The stock had closed at $94.39 on the previous day.
In an insider trading activity, Lewnes Ann, officer (EVP, Chief Marketing Officer) of Adobe Systems Inc, unloaded 4,000 shares at an average price of $92.39 on June 24, 2016. The total amount of the transaction was worth $369,560, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.