Adobe Systems Incorporated (ADBE) : 10 brokerage houses believe that Adobe Systems Incorporated (ADBE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Adobe Systems Incorporated (ADBE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.
Adobe Systems Incorporated (ADBE) : Average target price received by Adobe Systems Incorporated (ADBE) is $111.85 with an expected standard deviation of $9.04. The most aggressive target on the stock is $125, whereas the most downbeat target is $97. 13 financial analysts are currently covering the stock.
Also, Stephens & Co. initiates coverage on Adobe Systems Incorporated (NASDAQ:ADBE). Stephens & Co. has a Overweight rating on the shares. The rating by the firm was issued on August 10, 2016.
Adobe Systems Incorporated (NASDAQ:ADBE): After opening at $98.84, the stock dipped to an intraday low of $98.49 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $100.039 and the buying power remained strong till the end. The stock closed at $99.62 for the day, a gain of 0.84% for the day session. The total traded volume was 3,094,979. The stocks close on the previous trading day was $98.79.
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.