According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $571.44. Seven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Finally, Jefferies Financial Group cut their price objective on shares of Adobe from $570.00 to $550.00 in a research report on Monday, May 23rd. Stifel Nicolaus cut their price objective on shares of Adobe from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, March 16th. Cowen cut their price objective on shares of Adobe from $600.00 to $550.00 in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of Adobe from $600.00 to $525.00 and set an “overweight” rating for the company in a research report on Wednesday, May 18th.
Mizuho cut their price objective on shares of Adobe from $685.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Other equities research analysts have also recently issued reports about the stock. Cowen’s target price points to a potential upside of 26.36% from the company’s previous close.
#ADOBE ACQUIRES FRAMEIO SOFTWARE#
The firm presently has an “outperform” rating on the software company’s stock. Adobe ( NASDAQ:ADBE – Get Rating) had its price objective decreased by Cowen from $600.00 to $550.00 in a research note issued to investors on Thursday, Stock Target Advisor reports.
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