A statement released earlier today by Canaccord Genuity about Adobe Systems (NASDAQ:ADBE) bumps the target price to $120.00
- Updated: September 25, 2016
Having a price of $100.62, Adobe Systems (NASDAQ:ADBE) traded -0.42% lower on the day. With the last close up 11.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Adobe Systems has recorded a 50-day average of $101.40 and a two hundred day average of $96.82. Volume of trade was up over the average, with 3,087,239 shares of ADBE changing hands over the typical 2,269,520
Stating as potential upside of 0.19%, Canaccord Genuity upped the price target of Adobe Systems (NASDAQ:ADBE) to $120.00
On 9/8/2016, Vetr Inc. released a statement on Adobe Systems (NASDAQ:ADBE) upped the target price from $0.00 to $99.10 that suggested a downside of -0.03%.
With a total market value of $0, Adobe Systems has price-earnings ratio of 54.83 with a one year low of $71.27 and a one year high of $108.50 .
A total of 21 analysts have released a report on Adobe Systems. Nine analysts rating the company a strong buy, nine analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $111.57.
More About Adobe Systems (NASDAQ:ADBE)
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. It operates through three segments: Digital Media, Digital Marketing, and Print and Publishing. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses and enterprises to create, publish, promote and monetize their digital content. Its Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, measured and optimized. Its Print and Publishing segment addresses market opportunities ranging from the diverse authoring and publishing needs of technical and business publishing to its legacy type and original equipment manufacturer (OEM) printing businesses.
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