A number of firms have modified their ratings and price targets on shares of Adobe Systems (NASDAQ: ADBE) recently:

  • 11/13/2017 – Adobe Systems was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $190.64 price target on the stock.
  • 11/10/2017 – Adobe Systems had its price target raised by analysts at Stifel Nicolaus from $175.00 to $200.00. They now have a “buy” rating on the stock.
  • 11/9/2017 – Adobe Systems is now covered by analysts at UBS AG. They set a “buy” rating and a $217.00 price target on the stock.
  • 11/2/2017 – Adobe Systems was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $172.83 price target on the stock.
  • 10/25/2017 – Adobe Systems had its price target raised by analysts at Argus from $170.00 to $195.00. They now have a “buy” rating on the stock.
  • 10/23/2017 – Adobe Systems was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $163.12 price target on the stock.
  • 10/19/2017 – Adobe Systems was downgraded by analysts at Vetr from a “hold” rating to a “strong sell” rating. They now have a $152.41 price target on the stock.
  • 10/19/2017 – Adobe Systems had its price target raised by analysts at Bank of America Corporation from $184.00 to $213.00. They now have a “buy” rating on the stock.
  • 10/19/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $190.00 price target on the stock, up previously from $170.00.
  • 10/19/2017 – Adobe Systems had its price target raised by analysts at Royal Bank Of Canada to $177.00. They now have an “outperform” rating on the stock.
  • 10/19/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $195.00 price target on the stock.
  • 10/19/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $190.00 price target on the stock, up previously from $153.00.
  • 10/19/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $175.00 price target on the stock, up previously from $163.00.
  • 10/19/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $185.00 price target on the stock.
  • 10/19/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $187.00 price target on the stock, up previously from $165.00.
  • 10/19/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $185.00 price target on the stock, up previously from $170.00.
  • 10/19/2017 – Adobe Systems had its price target raised by analysts at Barclays PLC from $167.00 to $181.00. They now have an “overweight” rating on the stock.
  • 10/19/2017 – Adobe Systems had its price target raised by analysts at Citigroup Inc. from $163.00 to $177.00. They now have a “buy” rating on the stock.
  • 10/18/2017 – Adobe Systems was upgraded by analysts at Pivotal Research from a “sell” rating to a “hold” rating. They now have a $160.00 price target on the stock, up previously from $118.00.
  • 10/16/2017 – Adobe Systems was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $160.00 price target on the stock, up previously from $153.93.
  • 10/6/2017 – Adobe Systems was given a new $160.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 10/3/2017 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $165.00 price target on the stock.
  • 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 Robert W. Baird. They now have a $160.00 price target on the stock.
  • 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.
  • 9/20/2017 – 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.
  • 9/20/2017 – 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 “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 “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $174.00 price target on the stock.
  • 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 “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 Royal Bank Of Canada.
  • 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 “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 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 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 “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $170.00 price target on the stock, up previously from $165.00.
  • 9/17/2017 – 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.

Shares of Adobe Systems Incorporated (ADBE) opened at $180.08 on Thursday. Adobe Systems Incorporated has a fifty-two week low of $98.00 and a fifty-two week high of $184.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $89,641.69, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 3.09 and a beta of 1.05.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business posted $0.75 EPS. The business’s revenue was up 25.8% on a year-over-year basis. sell-side analysts forecast that Adobe Systems Incorporated will post 3.46 earnings per share for the current year.

In other news, Director John E. Warnock sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $174.20, for a total value of $1,184,560.00. Following the completion of the transaction, the director now owns 16,088 shares in the company, valued at approximately $2,802,529.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,849 shares of company stock valued at $2,519,679. Company insiders own 0.38% of the company’s stock.

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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