Adobe Systems Incorporated (ADBE) : 8 brokerage houses believe that Adobe Systems Incorporated (ADBE) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Adobe Systems Incorporated (ADBE). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Adobe Systems Incorporated (ADBE) stock is expected to deviate a maximum of $8.66 from the average target price of $109.92 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $122 and the most muted being $97.
For the current week, the company shares have a recommendation consensus of Buy.
Adobe Systems Incorporated (NASDAQ:ADBE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.25 and $96.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.54, notching a gain of 0.41% for the day. The total traded volume was 2,054,394 . The stock had closed at $97.14 on the previous day.
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.