A statement released today by Pacific Crest about Adobe Systems (NASDAQ:ADBE) ups the target price to $122.00
- Updated: September 25, 2016
In a report released on 9/21/2016 Pacific Crest increased the stock price target of Adobe Systems (NASDAQ:ADBE) from $110.00 to $122.00 reporting a possible upside of 0.21%.
Previously on 09/08/2016, Vetr Inc. released a statement about Adobe Systems (NASDAQ:ADBE) increased the target price from $0.00 to $99.10. At the time, this indicated a possible downside of -0.03%.
Only yesterday Adobe Systems (NASDAQ:ADBE) traded -0.42% lower at $100.62. ADBE’s 50-day moving average is $101.40 and its 200-day moving average is $96.82. With the last stock price close up 11.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,087,239 shares of ADBE traded hands, up from an average trading volume of 2,269,520
Recent Performance Chart
Adobe Systems has PE ratio of 54.83 with a one year low of $71.27 and a one year high of $108.50 and has a market capitalization of $0.
A total of 21 brokerages have released a report on Adobe Systems. Nine brokerages rating the company a strong buy, nine brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $111.57.
General Company Details For 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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