A statement released earlier today by Vetr Inc. about Adobe Systems Incorporated (NASDAQ:ADBE) bumps the target price to $102.96
- Updated: September 24, 2016
Adobe Systems Incorporated (NASDAQ:ADBE) had its target price raised to $102.96 by Vetr Inc. in a report released Wednesday September 21, 2016. The new target price indicates a possible upside of 0.02% from the company's most recent close.
On 9/21/2016, UBS Securities released a statement on Adobe Systems Incorporated (NASDAQ:ADBE) upped the target price from $122.00 to $130.00 that suggested an upside of 0.21%.
Having a price of $100.62, Adobe Systems Incorporated (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 Incorporated 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
With a total market value of $0, Adobe Systems Incorporated has 52 week low of $71.27 and a 52 week high of $108.50 with a PE ratio of 54.83 .
In addition to Vetr Inc. reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $111.57 with 9 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Adobe Systems Incorporated (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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.