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Adobe Systems (NDAQ:ADBE) target price raised to $175.00, reported today by Stifel Nicolaus

Yesterday Adobe Systems (NDAQ:ADBE) traded 1.74% higher at $171.36. The company’s 50-day moving average is $151.96 and its 200-day moving average is $143.83. With the last close up 6.38% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Volume of trade was up over the average, with 4,290,947 shares of ADBE changing hands over the typical 2,172,100

Indicating a possible upside of 0.02%, Stifel Nicolaus increased the stock price target of Adobe Systems (NDAQ:ADBE) to $175.00

Previously on 8/25/2017, Jefferies & Co reported about Adobe Systems (NDAQ:ADBE) raised the target price from $0.00 to $175.00. At the time, this indicated a possible upside of 0.15%.

Performance Chart

Adobe Systems (NDAQ:ADBE)

With a total market value of $0, Adobe Systems has price-earnings ratio of 48.10 with a one year low of $98.00 and a one year high of $157.89 .

A total of 21 analysts have released a research note on Adobe Systems. Nine analysts rating the company a strong buy, nine analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $111.57.

Brief Synopsis About Adobe Systems (NDAQ: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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