Analyst Downgrades – Adobe Systems Incorporated (NASDAQ:ADBE) Stock Gets Downgraded By Deutsche Bank AG from Buy to Hold

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Analyst Ratings For Adobe Systems Incorporated (NASDAQ:ADBE)

Today, Adobe Systems Incorporated (NASDAQ:ADBE) stock was downgraded by Deutsche Bank AG from Buy to Hold with a price target of $160.00.

There are 1 sell rating, 6 hold ratings, 22 buy ratings on the stock.

The current consensus rating on Adobe Systems Incorporated (NASDAQ:ADBE) is Buy (Score: 2.72) with a consensus target price of $159.57 per share, a potential 6.06% upside.

Some recent analyst ratings include

  • 10/16/2017-Deutsche Bank AG was Downgraded by analysts at Deutsche Bank AG from a “Buy ” rating to a ” Hold” rating. They now have a $160.00 price target on the stock, up previously from $153.93 .
  • 10/3/2017-Cowen and Company Reiterated Rating of Outperform.
  • 9/21/2017-BMO Capital Markets Reiterated Rating of Outperform.
  • 9/20/2017-KeyCorp Reiterated Rating of Overweight.
  • 9/20/2017-JMP Securities Reiterated Rating of Outperform.
  • 9/20/2017-Sanford C. Bernstein Reiterated Rating of Outperform.

Recent Insider Trading Activity For Adobe Systems Incorporated (NASDAQ:ADBE)
Adobe Systems Incorporated (NASDAQ:ADBE) has insider ownership of 0.38% and institutional ownership of 87.49%.

  • On 10/11/2017 Ann Lewnes, EVP, sold 1,953 with an average share price of $152.09 per share and the total transaction amounting to $297,031.77. View SEC Filing
  • On 9/13/2017 Ann Lewnes, EVP, sold 1,953 with an average share price of $155.88 per share and the total transaction amounting to $304,433.64. View SEC Filing
  • On 8/9/2017 Ann Lewnes, CMO, sold 1,953 with an average share price of $146.68 per share and the total transaction amounting to $286,466.04. View SEC Filing
  • On 7/21/2017 Abhay Parasnis, EVP, sold 12,500 with an average share price of $149.38 per share and the total transaction amounting to $1,867,250.00. View SEC Filing
  • On 7/20/2017 Donna Morris, EVP, sold 10,000 with an average share price of $150.00 per share and the total transaction amounting to $1,500,000.00. View SEC Filing
  • On 7/13/2017 Charles M Geschke, Director, sold 25,000 with an average share price of $145.16 per share and the total transaction amounting to $3,629,000.00. View SEC Filing
  • On 7/12/2017 Ann Lewnes, EVP, sold 1,953 with an average share price of $144.00 per share and the total transaction amounting to $281,232.00. View SEC Filing

Recent Trading Activity for Adobe Systems Incorporated (NASDAQ:ADBE)
Shares of Adobe Systems Incorporated closed the previous trading session at with shares trading hands.