Argus reported on Adobe Systems (NASDAQ:ADBE), raising its target price to $127.00 today
- Updated: September 23, 2016
Argus raised the stock price target of Adobe Systems (NASDAQ:ADBE) to $127.00 indicating a possible upside of 0.18%.
On 09/22/2016, Zacks Investment Research reported about Adobe Systems (NASDAQ:ADBE) bumped up the target price from $0.00 to $121.00 that suggested an upside of 0.12%.
Having a price of $107.21, Adobe Systems (NASDAQ:ADBE) traded -0.63% lower on the day. The last stock price is up 10.94% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Adobe Systems has recorded a 50-day moving average of $101.10 and a 200-day moving average of $96.66. 726,033 shares of ADBE traded, down from an avg. volume of 2,280,220
Recent Performance Chart
With a market cap of $0, Adobe Systems has one year low of $71.27 and a 52 week high of $108.50 with a price-earnings ratio of 54.71 .
A total of 21 brokerages have issued a ratings update on ADBE. Nine analysts rating the stock a strong buy, 9 equity analysts rating the company a buy, 5 brokers rating the company a hold, zero brokerages rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $111.57.
General Information 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.