Adobe Systems Incorporated (NDAQ:ADBE) was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other equities analysts have also weighed in on ADBE. Robert W. Baird increased their target price on Adobe Systems from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, February 28th. BMO Capital Markets increased their target price on Adobe Systems from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday. Pivotal Research increased their price target on Adobe Systems from $104.00 to $109.00 and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank of Canada increased their price target on Adobe Systems from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Adobe Systems has an average rating of “Buy” and an average price target of $128.50.
Shares of Adobe Systems (NDAQ:ADBE) opened at 126.31 on Friday. The firm has a market capitalization of $62.41 billion and a price-to-earnings ratio of 54.44. Adobe Systems has a 12-month low of $90.35 and a 12-month high of $130.30. The company has a 50-day moving average price of $118.41 and a 200 day moving average price of $109.05.
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About Adobe Systems
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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