Adobe Systems Incorporated (ADBE) PT Raised to $135.00 at Royal Bank of Canada
Adobe Systems Incorporated (NDAQ:ADBE) had its price target lifted by investment analysts at Royal Bank of Canada from $130.00 to $135.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the stock.
Several other brokerages also recently weighed in on ADBE. Pivotal Research increased their price target on shares of Adobe Systems from $104.00 to $109.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets increased their price target on shares of Adobe Systems from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Robert W. Baird increased their price target on shares of Adobe Systems from $125.00 to $130.00 and gave the stock an “outperform” rating in a 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 has a consensus rating of “Buy” and a consensus target price of $128.50.
Adobe Systems (NDAQ:ADBE) opened at 126.31 on Friday. The stock has a market cap of $62.41 billion and a P/E ratio of 54.44. The stock has a 50 day moving average of $118.41 and a 200 day moving average of $109.05. Adobe Systems has a 12-month low of $90.35 and a 12-month high of $130.30.
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Adobe Systems Company Profile
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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