Adobe Systems Incorporated (ADBE) : Traders are bullish on Adobe Systems Incorporated (ADBE) as it has outperformed the S&P 500 by a wide margin of 4.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.73% in the last 1 week, and is up 4.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.49% and the fifty day Moving Average is 4.51%. Adobe Systems Incorporated is up 1.92% in the last three month period. Year-to-Date the stock performance stands at 8.64%.
Adobe Systems Incorporated (ADBE) : 13 Wall Street analysts covering Adobe Systems Incorporated (ADBE) believe that the average level the stock could reach for the short term is $111.85. The maximum price target given is $125 and the minimum target for short term is around $97, hence the standard deviation is calculated at $9.04.
Adobe Systems Incorporated (NASDAQ:ADBE): stock turned positive on Friday. Though the stock opened at $101.68, the bulls momentum made the stock top out at $102.75 level for the day. The stock recorded a low of $101.081 and closed the trading day at $102.06, in the green by 0.36%. The total traded volume for the day was 1,834,580. The stock had closed at $101.69 in the previous days trading.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Companys operates in three segments: Digital Marketing, Digital Media, and Print and Publishing. In Digital Media, the Company is engaged in providing tools, services and solutions that enable to create, publish and promote their content. In Digital Marketing, the Company is engaged in providing solutions and services for creating, managing, executing, measuring and optimizing digital advertising and marketing campaigns. Adobes Print and Publishing segment addresses various market opportunities, including eLearning solutions, technical document publishing, Web application development and high-end printing.