Adobe Systems (NASDAQ: ADBE) recently received a number of ratings updates from brokerages and research firms:

  • 9/22/2017 – Adobe Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Adobe’s fiscal second quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools. Year to date, the stock has outperformed the Zacks characterized Computer Software industry. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet.  Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern.”
  • 9/21/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $165.00 price target on the stock.
  • 9/21/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $160.00 price target on the stock.
  • 9/20/2017 – Adobe Systems had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $145.00 price target on the stock, up previously from $127.50.
  • 9/20/2017 – Adobe Systems had its “positive” rating reaffirmed by analysts at Credit Suisse Group. They now have a $170.00 price target on the stock, up previously from $160.00.
  • 9/20/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $170.00 price target on the stock, up previously from $165.00.
  • 9/20/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $180.00 price target on the stock, up previously from $175.00.
  • 9/20/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $180.00 price target on the stock.
  • 9/20/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $163.00 price target on the stock.
  • 9/20/2017 – Adobe Systems had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 9/20/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 9/20/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $165.00 price target on the stock, up previously from $160.00.
  • 9/20/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $179.00 price target on the stock, up previously from $168.00.
  • 9/20/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $157.00 price target on the stock, up previously from $152.00.
  • 9/20/2017 – Adobe Systems had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $174.00 price target on the stock.
  • 9/20/2017 – Adobe Systems was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $146.89 price target on the stock.
  • 9/17/2017 – Adobe Systems was downgraded by analysts at Credit Suisse Group to a “hold” rating. They now have a $160.00 price target on the stock.
  • 9/15/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $167.00 price target on the stock.
  • 9/14/2017 – Adobe Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Adobe’s fiscal second quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools. Year to date, the stock has outperformed the industry it belongs to. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet.  Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern.”
  • 9/12/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 9/12/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $175.00 price target on the stock.
  • 9/12/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $180.00 price target on the stock.
  • 9/6/2017 – Adobe Systems was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $150.30 price target on the stock.
  • 9/6/2017 – Adobe Systems is now covered by analysts at Moffett Nathanson. They set a “buy” rating and a $195.00 price target on the stock.
  • 9/1/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $160.00 price target on the stock.
  • 8/31/2017 – Adobe Systems was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $150.30 price target on the stock.
  • 8/25/2017 – Adobe Systems had its price target raised by analysts at Bank of America Corporation from $108.00 to $120.00. They now have a “neutral” rating on the stock. They wrote, “We believe VMW has hit a tipping point whereby licenses from new and faster growing products such as NSX, vSAN, EUC are ~50% of license revenues and will increasingly inflect growth and plant it more firmly in double-digit territory,” the analyst concluded. “This would potentially reduce license cyclicality.”Related Links:7 Biggest Price Target Changes For FridayBenzinga’s Top Upgrades, Downgrades For August 25, 2017_______Image Credit: “A section of the VMware headquarters campus”
  • 8/24/2017 – Adobe Systems is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $175.00 price target on the stock. They wrote, “The ADBE story features the best of both internet and software sectors – highly predictable and profitable revenue streams, vast open-ended TAM, and exposure to broad tech trends. ADBE is levered to major internet themes, incl. the digitization of content and entire off-line businesses, the shift to mobile platforms, and the consumption of video across new channels. Valuation does not give full credit to its superior growth, in our view. Stock up 5x since late 2011, and more to go. Adobe was rewarded for being one of the first tech cos to transition to a subscription model, and we believe the stock has more room to run.””
  • 8/16/2017 – Adobe Systems was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Adobe Systems Incorporated (ADBE) traded up 0.45% on Tuesday, hitting $148.60. The stock had a trading volume of 1,808,195 shares. The company has a market cap of $73.25 billion, a price-to-earnings ratio of 46.71 and a beta of 0.99. The firm’s 50-day moving average is $151.67 and its 200-day moving average is $141.89. Adobe Systems Incorporated has a one year low of $98.00 and a one year high of $157.89.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Adobe Systems had a net margin of 23.06% and a return on equity of 21.40%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, analysts expect that Adobe Systems Incorporated will post $4.22 EPS for the current fiscal year.

In other news, EVP Abhay Parasnis sold 12,500 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $149.38, for a total transaction of $1,867,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $144.00, for a total transaction of $281,232.00. Following the completion of the transaction, the executive vice president now owns 59,991 shares of the company’s stock, valued at approximately $8,638,704. The disclosure for this sale can be found here. Insiders sold a total of 53,359 shares of company stock worth $7,868,382 in the last ninety days. 0.38% of the stock is owned by corporate insiders.

Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.

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