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RBC Capital announced Adobe Systems (NASDAQ:ADBE), bumping up its stock price target to $157.00 today

In a report released on 5/25/2017 RBC Capital increased the stock price target of Adobe Systems (NASDAQ:ADBE) from $135.00 to $157.00 stating a potential upside of 0.11%.

On 05/02/2017, Barclays PLC released a statement on Adobe Systems (NASDAQ:ADBE) bumped up the target price from $0.00 to $155.00 that suggested an upside of 0.15%.

Boasting a price of $141.12, Adobe Systems (NASDAQ:ADBE) traded 1.74% higher on the day. With the last close down 6.38% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Adobe Systems has recorded a 50-day average of $151.96 and a two hundred day average of $143.83. Volume of trade was up over the average, with 4,290,947 shares of ADBE changing hands over the typical 2,172,100

Performance Chart

Adobe Systems (NASDAQ: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 ADBE. Nine analysts rating the company a strong buy, nine analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $111.57.

More 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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