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Citigroup announced Adobe Systems (NASDAQ:ADBE), bumping up its stock price target to $117.00 today

Just yesterday Adobe Systems (NASDAQ:ADBE) traded -0.42% lower at $100.62. Adobe Systems’s 50-day moving average is $101.40 and its 200-day moving average is $96.82. The last closing price is 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. 3,087,239 shares of ADBE traded hands, up from an average trading volume of 2,269,520

In a report released on 09/21/2016 Citigroup increased the stock price target of Adobe Systems (NASDAQ:ADBE) to $117.00 reporting a possible upside of 0.16%.

Previously on 9/8/2016, Vetr Inc. reported on Adobe Systems (NASDAQ:ADBE) increased the target price from $0.00 to $99.10. At the time, this indicated a possible downside of -0.03%.

Recent Performance Chart

Adobe Systems (NASDAQ:ADBE)

Adobe Systems has 52 week low of $71.27 and a 52 week high of $108.50 with a PE ratio of 54.83 and has a market capitalization of $0.

In addition to Citigroup reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $111.57 with 9 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers 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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