Many Adobe Systems Incorporated(ADBE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2017 to Outperform, Raises Price Target to $ 125 from a previous price target of $115 .Adobe Systems Incorporated was Downgraded by Pivotal Research Group on Jan 12, 2017 to Hold, Lowers Price Target to $ 104 from a previous price target of $136 .Adobe Systems Incorporated was Initiated by Wells Fargo to Market Perform on Jan 11, 2017. Adobe Systems Incorporated was Initiated by BMO Capital Markets on Jan 5, 2017 to Outperform, Price Target of the shares are set at $125.
Company has reported several Insider transactions to the SEC, on Feb 7, 2017, Mark Garrett (EVP, CFO & Asst. Secretary) sold 45,199 shares at 114.32 per share price.On Feb 3, 2017, Robert K Burgess (director) sold 25,000 shares at 113.19 per share price.On Jan 27, 2017, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 10,440 shares at 113.08 per share price.
Adobe Systems Incorporated Last issued its quarterly earnings results on Dec 15, 2016. The company reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.86. The company had revenue of $1608.00 million for the quarter, compared to analysts expectations of $1589.29 million. The companys revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Adobe Systems Incorporated (NASDAQ:ADBE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.63 by 19 Brokerage Firm. 12 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Adobe Systems Incorporated (NASDAQ:ADBE): According to 15 Analysts, The short term target price has been estimated at $ 122.27.The target price could deviate by a maximum of $7.77 from the forecast price. In the near term, the target price could hit a high of $133 and a low of $ 104.
Adobe Systems Incorporated (NASDAQ:ADBE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.06% or 0.07 points. After the session commenced at $117.65, the stock reached the higher end at $117.79 while it hit a low of $116.67. With the volume soaring to 1,556,662 shares, the last trade was called at $117.58. The company has a 52-week high of $117.94. The company has a market cap of $58,094 million and there are 494,078,480 shares in outstanding. The 52-week low of the share price is $76.67.
Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. It offers a market-leading line of application software products for creating, distributing, and managing information of all types. The company license its industry-standard technologies to major hardware manufacturers, software developers, and service providers, and offer integrated software solutions to businesses of all sizes.