Adobe Systems Incorporated (ADBE) Receives Price Target

Adobe Systems Incorporated (ADBE) : 13 investment research analysts covering Adobe Systems Incorporated (ADBE) have an average price target of $111.85 for the near short term. The highest target price given by the Brokerage Firm to the stock is $125 and the lowest target is $97 for the short term. Analysts expect the variance to be within $9.04 of the average price.

Adobe Systems Incorporated (ADBE) : Zacks Investment Research ranks Adobe Systems Incorporated (ADBE) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.38, which indicates as a Strong Buy.


Also, Stephens & Co. initiates coverage on Adobe Systems Incorporated (NASDAQ:ADBE) The shares have been rated Overweight. The rating by the firm was issued on August 10, 2016.

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 $102.23 and $101.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.90, notching a gain of 0.58% for the day. The total traded volume was 2,006,579 . The stock had closed at $102.31 on the previous day.

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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