Adobe Systems Incorporated (ADBE) Price Target Increased to $135.00 by Analysts at Royal Bank of Canada
Adobe Systems Incorporated (NDAQ:ADBE) had its price objective raised by Royal Bank of Canada from $130.00 to $135.00 in a research note released on Friday morning. Royal Bank of Canada currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on ADBE. Robert W. Baird raised their price target on Adobe Systems from $125.00 to $130.00 and gave the company an outperform rating in a research note on Tuesday, February 28th. BMO Capital Markets raised their price target on Adobe Systems from $125.00 to $140.00 and gave the company an outperform rating in a research note on Friday. Finally, Pivotal Research raised their price target on Adobe Systems from $104.00 to $109.00 and gave the company a hold rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Adobe Systems presently has a consensus rating of Buy and an average price target of $128.50.
Shares of Adobe Systems (NDAQ:ADBE) traded down 0.2135% on Friday, hitting $126.7388. The stock had a trading volume of 1,277,315 shares. The firm has a market cap of $62.62 billion and a price-to-earnings ratio of 54.6288. Adobe Systems has a 12-month low of $90.35 and a 12-month high of $130.30. The stock has a 50 day moving average of $118.41 and a 200 day moving average of $109.05.
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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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