Adobe Systems Incorporated (NASDAQ:ADBE) should head towards $106.67 per share according to 12 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $97 per share. The higher price estimate target is at $116 according to the Analysts.
Many analysts have stated their opinion on the company shares. Brokerage firm Goldman Sachs maintains its rating on Adobe Systems Incorporated (NASDAQ:ADBE). As per the latest information, the brokerage house raises the price target to $100 per share from a prior target of $92. The shares have been rated Neutral. The rating by the firm was issued on March 18, 2016.
Adobe Systems Incorporated (NASDAQ:ADBE) : On Tuesday heightened volatility was witnessed in Adobe Systems Incorporated (NASDAQ:ADBE) which led to swings in the share price. The stock opened for trading at $92.06 and hit $93.42 on the upside , eventually ending the session at $92.56, with a gain of 0.06% or 0.06 points. The heightened volatility saw the trading volume jump to 4,475,815 shares. The 52-week high of the share price is $98 and the company has a market cap of $46,125 million. The 52-week low of the share price is at $71.27 .
Adobe Systems Incorporated (NASDAQ:ADBE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.71 by 14 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
Shares of Adobe Systems Incorporated rose by 6.6% in the last five trading days and 10.45% for the last 4 weeks. Adobe Systems Incorporated is up 1.37% in the last 3-month period. Year-to-Date the stock performance stands at -1.47%.
Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Lewnes Ann, officer (EVP, Chief Marketing Officer) of Adobe Systems Inc, had unloaded 4,000 shares at an average price of $86.53 in a transaction dated on February 26, 2016. The total value of the transaction was worth $346,120.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering, optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Companys operates in three segments: Digital Marketing, Digital Media, and Print and Publishing. In Digital Media, the Company is engaged in providing tools, services and solutions that enable to create, publish and promote their content. In Digital Marketing, the Company is engaged in providing solutions and services for creating, managing, executing, measuring and optimizing digital advertising and marketing campaigns. Adobes Print and Publishing segment addresses various market opportunities, including eLearning solutions, technical document publishing, Web application development and high-end printing.