Adobe Systems Price Target Increased to $48.00 by Analysts at Sanford C. Bernstein (ADBE)
Adobe Systems traded up 0.12% on Tuesday, hitting $41.64. Adobe Systems has a 52-week low of $29.52 and a 52-week high of $41.91. The stock’s 50-day moving average is currently $39.20. The company has a market cap of $20.770 billion and a price-to-earnings ratio of 25.05.
A number of other analysts have also recently weighed in on ADBE. Analysts at Griffin Securities raised their price target on shares of Adobe Systems from $40.00 to $48.00 in a research note to investors on Monday. They now have a buy rating on the stock. Separately, analysts at Bank of America downgraded shares of Adobe Systems from a buy rating to a neutral rating in a research note to investors on Monday. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Adobe Systems in a research note to investors on Friday, March 8th. They now have a $47.00 price target on the stock, up previously from $45.00.
Nine investment analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have assigned a hold rating, one has issued an underweight rating, and two have issued a sell rating to the stock. Adobe Systems has an average rating of overweight and a consensus target price of $39.81.
Adobe Systems Incorporated (Adobe) is a diversified software company. The Company offers a line of software and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring and engaging with content and experiences across multiple operating systems, devices and media.
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