Adobe Systems Incorporated (NASDAQ:ADBE) price target raised to $325.00 by Stifel Nicolaus

ME Staff
-
0

Analyst Ratings For Adobe Systems Incorporated (NASDAQ:ADBE)

Today, Stifel Nicolaus raised its price target on Adobe Systems Incorporated (NASDAQ:ADBE) to $325.00 per share.

There are 19 Buy Ratings, 8 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Adobe Systems Incorporated (NASDAQ:ADBE) is Buy with a consensus target price of $248.0769 per share, a potential 7.61% downside.

Some recent analyst ratings include

  • 9/14/2018-Adobe Systems Incorporated (NASDAQ:ADBE) had its Overweight rating reiterated by Piper Jaffray Companies with a $290.00 price target
  • 9/14/2018-Adobe Systems Incorporated (NASDAQ:ADBE) had its Buy rating reiterated by KeyCorp with a $286.00 price target
  • 9/12/2018-Adobe Systems Incorporated (NASDAQ:ADBE) had its Buy rating reiterated by Bank of America with a $300.00 price target
  • 8/7/2018-Adobe Systems Incorporated (NASDAQ:ADBE) has coverage initiated with a Neutral rating and $275.00 price target

Recent Insider Trading Activity For Adobe Systems Incorporated (NASDAQ:ADBE)
Adobe Systems Incorporated (NASDAQ:ADBE) has insider ownership of 0.33% and institutional ownership of 84.85%.

  • On 8/15/2018 Ann Lewnes, EVP, sold 2,939 with an average share price of $253.80 per share and the total transaction amounting to $745,918.20.
  • On 7/24/2018 Abhay Parasnis, EVP, sold 10,500 with an average share price of $260.01 per share and the total transaction amounting to $2,730,105.00.
  • On 7/18/2018 Ann Lewnes, EVP, sold 2,940 with an average share price of $257.86 per share and the total transaction amounting to $758,108.40.
  • On 6/20/2018 Ann Lewnes, EVP, sold 2,945 with an average share price of $253.50 per share and the total transaction amounting to $746,557.50.
  • On 6/18/2018 Charles M Geschke, Director, sold 6,000 with an average share price of $255.19 per share and the total transaction amounting to $1,531,140.00.
  • On 5/16/2018 Ann Lewnes, EVP, sold 2,942 with an average share price of $236.59 per share and the total transaction amounting to $696,047.78.
  • On 4/20/2018 Charles M Geschke, Director, sold 16,000 with an average share price of $224.35 per share and the total transaction amounting to $3,589,600.00.

About Adobe Systems Incorporated (NASDAQ:ADBE)
Adobe Systems Incorporated operates as a diversified software company worldwide. 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 flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company's Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, audience management, and video delivery and monetization solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Print and Publishing segment offers products and services, such as e-learning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was founded in 1982 and is headquartered in San Jose, California.

Recent Trading Activity for Adobe Systems Incorporated (NASDAQ:ADBE)
Shares of Adobe Systems Incorporated closed the previous trading session at 268,52 +0,73 0,27 % with 270 shares trading hands.