Adobe Systems (NASDAQ:ADBE) stock price target increased to $110.00, issued a research note today by Morgan Stanley
- 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. Trade Volume was up over the average, with 3,087,239 shares of ADBE changing hands over the typical 2,269,520
In a report issued 9/21/2016 Morgan Stanley increased the stock price target of Adobe Systems (NASDAQ:ADBE) from $100.00 to $110.00 reporting a potential upside of 0.09%.
On 9/08/2016, 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%.
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Adobe Systems has a PE ratio of 54.83 with a one year low of $71.27 and a 52 week high of $108.50 Adobe Systems’s market capitalization is currently $0.
Also covering Adobe Systems's price target, a total of 21 analysts have issued a research note on the company. The average target is $111.57 with nine firms rating the stock a strong buy, nine analysts rating the company a buy, 5 brokers rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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