Analysts’ Weekly Ratings Changes for Adobe Systems (ADBE)

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

  • 1/30/2018 – Adobe Systems had its price target raised by analysts at Argus from $195.00 to $234.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Evercore ISI. They now have a $220.00 price target on the stock.
  • 1/23/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $230.00 price target on the stock.
  • 1/23/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Stephens. They now have a $215.00 price target on the stock.
  • 1/23/2018 – Adobe Systems had its price target raised by analysts at Royal Bank of Canada to $208.00. They now have an “outperform” rating on the stock.
  • 1/23/2018 – Adobe Systems had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $225.00 price target on the stock, up previously from $220.00.
  • 1/23/2018 – Adobe Systems had its price target raised by analysts at Sanford C. Bernstein from $208.00 to $223.00. They now have an “outperform” rating on the stock.
  • 1/23/2018 – Adobe Systems had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $225.00 price target on the stock, up previously from $220.00.
  • 1/23/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $220.00 price target on the stock, up previously from $195.00.
  • 1/23/2018 – Adobe Systems had its price target raised by analysts at Pivotal Research from $193.00 to $195.00. They now have a “hold” rating on the stock.
  • 1/23/2018 – Adobe Systems had its price target raised by analysts at Barclays PLC from $193.00 to $221.00. They now have an “overweight” rating on the stock.
  • 1/15/2018 – Adobe Systems was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $199.00 price target on the stock.
  • 1/9/2018 – Adobe Systems was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/3/2018 – Adobe Systems was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $200.90 price target on the stock.
  • 1/3/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Stephens. They now have a $210.00 price target on the stock. They wrote, “APDN and Colorcon have entered into a technology license memorandum of understanding that will combine DNA tagging with film coating for the pharmaceutical and nutraceutical industry.””
  • 12/19/2017 – Adobe Systems was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. 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.  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. Year to date, the stock has outperformed the industry it belongs to.”
  • 12/18/2017 – Adobe Systems was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $198.52 price target on the stock.
  • 12/15/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $200.00 price target on the stock.
  • 12/15/2017 – Adobe Systems had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 12/15/2017 – Adobe Systems had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $162.00 price target on the stock, up previously from $160.00. They wrote, “We raise our price target slightly to $162 vs. $160 previously and continue to rate the stock Hold.””
  • 12/15/2017 – Adobe Systems had its price target raised by analysts at Citigroup Inc to $202.00. They now have a “buy” rating on the stock.
  • 12/15/2017 – Adobe Systems had its price target raised by analysts at Barclays PLC to $193.00. They now have an “overweight” rating on the stock.
  • 12/15/2017 – Adobe Systems had its price target raised by analysts at JMP Securities from $170.00 to $210.00. They now have an “outperform” rating on the stock.
  • 12/15/2017 – Adobe Systems had its price target raised by analysts at BMO Capital Markets from $187.00 to $205.00. They now have an “outperform” rating on the stock.
  • 12/15/2017 – Adobe Systems had its price target raised by analysts at Jefferies Group LLC to $205.00. They now have a “buy” rating on the stock.
  • 12/14/2017 – Adobe Systems had its “buy” rating reaffirmed by analysts at KeyCorp. They wrote, “We are raising estimates slightly and increasing our price target to $220 from $216 based on a bullish view that ADBE remains one of the core cloud stocks to own for 2018, with FCF poised to grow by >20% annually with the potential to reach $11.00 per share within three years.””

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at $187.99 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.22. Adobe Systems Incorporated has a 12 month low of $115.03 and a 12 month high of $204.45. The firm has a market capitalization of $92,411.84, a P/E ratio of 55.45, a P/E/G ratio of 2.30 and a beta of 1.18.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.10. Adobe Systems had a return on equity of 22.15% and a net margin of 23.20%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. research analysts anticipate that Adobe Systems Incorporated will post 5.12 EPS for the current year.

In related news, CFO Mark Garrett sold 54,488 shares of Adobe Systems stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $187.38, for a total value of $10,209,961.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Shantanu Narayen sold 165,023 shares of Adobe Systems stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $197.89, for a total value of $32,656,401.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,199 shares of company stock worth $67,326,422. 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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