Pivotal Research Increases Adobe Systems Incorporated (ADBE) Price Target to $109.00

Adobe Systems Incorporated (NDAQ:ADBE) had its price target boosted by Pivotal Research from $104.00 to $109.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock.

ADBE has been the topic of several other research reports. Robert W. Baird lifted their price objective on shares of Adobe Systems from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, February 28th. BMO Capital Markets lifted their price objective on shares of Adobe Systems from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Adobe Systems presently has a consensus rating of “Buy” and a consensus price target of $128.50.

Analyst Recommendations for Adobe Systems (NDAQ:ADBE)

Shares of Adobe Systems (NDAQ:ADBE) opened at 126.31 on Friday. The stock has a market capitalization of $62.41 billion and a PE 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 52-week low of $90.35 and a 52-week 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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