Adobe Systems (NASDAQ:ADBE) gets downgraded to Market Perform by Cowen with a price target of $280.00

ME Staff
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Analyst Ratings For Adobe Systems (NASDAQ:ADBE)

Today, Adobe Systems (NASDAQ:ADBE) stock was downgraded by Cowen from Outperform to Market Perform with a price target of $280.00.

There are 18 Buy Ratings, 9 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Adobe Systems (NASDAQ:ADBE) is Buy with a consensus target price of $284.8077 per share, a potential 9.48% upside.

Some recent analyst ratings include

  • 2/15/2019-Adobe Systems (NASDAQ:ADBE) gets downgraded to Market Perform by Cowen with a price target of $280.00
  • 1/25/2019-Adobe Systems (NASDAQ:ADBE) had its Buy rating reiterated by Credit Suisse Group with a $300.00 price target
  • 1/16/2019-Adobe Systems (NASDAQ:ADBE) has coverage initiated with a Equal ➝ Equal Weight rating and $278.00 price target
  • 1/9/2019-Adobe Systems (NASDAQ:ADBE) has coverage initiated with a Neutral ➝ Neutral rating and $250.00 price target
  • 1/7/2019-Adobe Systems (NASDAQ:ADBE) gets upgraded to Buy by Pivotal Research with a price target of $262.00
  • 12/27/2018-Adobe Systems (NASDAQ:ADBE) gets upgraded to Buy by DZ Bank with a price target of $260.00
  • 12/16/2018-Adobe Systems (NASDAQ:ADBE) had its Buy rating reiterated by Rosenblatt Securities with a $280.00 price target
  • On 1/31/2019 Bradley Rencher, EVP, sold 30,000 with an average share price of $246.46 per share and the total transaction amounting to $7,393,800.00.
  • On 1/30/2019 Ann Lewnes, CMO, sold 3,000 with an average share price of $240.16 per share and the total transaction amounting to $720,480.00.
  • On 1/28/2019 Matthew Thompson, EVP, sold 41,560 with an average share price of $245.23 per share and the total transaction amounting to $10,191,758.80.
  • On 1/25/2019 Matthew Thompson, EVP, sold 41,000 with an average share price of $245.28 per share and the total transaction amounting to $10,056,480.00.
  • On 1/25/2019 Shantanu Narayen, Chairman, sold 139,834 with an average share price of $245.40 per share and the total transaction amounting to $34,315,263.60.
  • On 1/8/2019 Charles M Geschke, Director, sold 21,258 with an average share price of $232.71 per share and the total transaction amounting to $4,946,949.18.
  • On 12/20/2018 David A Ricks, Director, bought 75 with an average share price of $216.58 per share and the total transaction amounting to $16,243.50.

About Adobe Systems (NASDAQ:ADBE)
Adobe Inc. 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 customer to download and access 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 Experience 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, marketing automation, 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 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 offers 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, software vendors and developers, retailers, and OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.

Recent Trading Activity for Adobe Systems (NASDAQ:ADBE)
Shares of Adobe Systems closed the previous trading session at 260,14 −0,090 0,035 % with 258.01 shares trading hands.