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Vetr Inc. reported on Adobe Systems Incorporated (NASDAQ:ADBE), raising its target price to $131.87 today

Adobe Systems Incorporated (NASDAQ:ADBE) had its stock price target increased to $131.87 by Vetr Inc. in a report issued Monday March 20, 2017. The updated stock price target implies a possible upside of 0.04% based on the company's last closing price.

Yesterday Adobe Systems Incorporated (NASDAQ:ADBE) traded 3.81% higher at $127.01. The company’s 50-day moving average is $118.41 and its 200-day moving average is $109.05. The last closing price is up 16.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 8,749,926 shares of the stock were exchanged, up from an average trading volume of 2,290,280

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Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated has a PE ratio of 54.75 with a one year low of $90.35 and a one year high of $130.30 Adobe Systems Incorporated’s market capitalization is presently $0.

A total of 21 analysts have released a research note on ADBE. 9 firms rating the stock a strong buy, 9 equity analysts rating the company a buy, five equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $111.57.

More About Adobe Systems Incorporated (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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