Adobe Systems Incorporated (ADBE) PT Raised to $140.00
Adobe Systems Incorporated (NDAQ:ADBE) had its price objective lifted by equities research analysts at BMO Capital Markets from $125.00 to $140.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock.
Separately, Robert W. Baird boosted their price target on shares of Adobe Systems from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $128.50.
Shares of Adobe Systems (NDAQ:ADBE) opened at 126.31 on Friday. Adobe Systems has a 52-week low of $90.35 and a 52-week high of $130.30. The stock has a 50 day moving average of $118.41 and a 200 day moving average of $109.05. The stock has a market capitalization of $62.41 billion and a PE ratio of 54.44.
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About Adobe Systems
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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