Adobe Systems (NASDAQ:ADBE) target increased to $105.00, issued a ratings update earlier today by Credit Suisse
- Updated: September 25, 2016
Displaying a price of $100.62, Adobe Systems (NASDAQ:ADBE) traded -0.42% lower on the day. With the last stock price close up 11.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day average of $101.40 and a two hundred day average of $96.82. 3,087,239 shares of ADBE traded hands, up from an average trading volume of 2,269,520
Adobe Systems (NASDAQ:ADBE) had its price target upped to $105.00 by Credit Suisse in a report issued 09/21/2016. The updated target price indicates a possible upside of 0.04% based on the company's most recent stock price close.
On 09/08/2016, Vetr Inc. reported on Adobe Systems (NASDAQ:ADBE) raised the target price from $0.00 to $99.10 that suggested a downside of -0.03%.
Recent Performance Chart
With a market capitalization of $0, Adobe Systems has 52 week low of $71.27 and a 52 week high of $108.50 with a P/E ratio of 54.83 .
A total of 21 brokerages have reported on the stock. Nine equity analysts rating the company a strong buy, nine analysts rating the company a buy, 5 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $111.57.
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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