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Adobe Systems (NASDAQ:ADBE) target price raised to $125.00, reported today by Pivotal Research

Yesterday Adobe Systems (NASDAQ:ADBE) traded -0.42% lower at $100.62. The company’s 50-day moving average is $101.40 and its 200-day moving average is $96.82. The last stock close price is up 11.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,087,239 shares of the stock were exchanged, up from an average trading volume of 2,269,520

Adobe Systems (NASDAQ:ADBE) had its target price raised to $125.00 by Pivotal Research in a report released Wednesday September 21, 2016. The new target price indicates a possible upside of 0.24% based on the company's last stock close price.

Previously on 9/08/2016, Vetr Inc. reported about Adobe Systems (NASDAQ:ADBE) raised the target price from $0.00 to $99.10. At the time, this indicated a possible downside of -0.03%.

See Chart Below

Adobe Systems (NASDAQ:ADBE)

Adobe Systems has a 52 week low of $71.27 and a 52 week high of $108.50 with a P/E ratio of 54.83 The company’s market cap is currently $0.

In addition to Pivotal Research reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $111.57 with 9 firms rating the stock a strong buy, 9 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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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