Adobe Systems Incorporated (NASDAQ:ADBE) target price upped to $121.00, released a ratings update earlier today by Zacks Investment Research
- Updated: September 24, 2016
Zacks Investment Research upped the price target of Adobe Systems Incorporated (NASDAQ:ADBE) to $121.00 indicating a potential upside of 0.12%.
On 9/21/2016, UBS Securities released a statement for Adobe Systems Incorporated (NASDAQ:ADBE) bumped up the target price from $122.00 to $130.00 that suggested an upside of 0.21%.
Boasting a price of $107.78, Adobe Systems Incorporated (NASDAQ:ADBE) traded -0.42% lower on the day. With the last stock price close up 11.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Adobe Systems Incorporated has recorded a 50-day average of $101.40 and a two hundred day average of $96.82. Trading volume was up over the average, with 3,087,239 shares of ADBE changing hands over the typical 2,269,520
Recent Performance Chart
Adobe Systems Incorporated 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 Incorporated. 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 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.
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