Rosenblatt Remains Bullish on Adobe Systems (ADBE) as Digital Transformation Continues

Rosenblatt reiterated a Buy rating and $112.00 price target on Adobe Systems (NASDAQ: ADBE) as digital disruption of enterprises across the world is accelerating. At last week’s “Summit 2016 - The Digital Marketing Conference” attendance nearly doubled to 10,000 from last year and had many more CEOs than in the past.

Analyst Kirk Adams commented, "Digital disruption of enterprises across the world is accelerating and Adobe is extending their leadership by creating solutions that fit the real-world problems of businesses across all industries. Adobe’s people and their partners continue to provide cutting edge solutions that are simplifying workflows across many aspects of business operations. These solutions are forcing CEOs and Boards to rethink their entire structures, business models and go-to-market strategies to compete now and in the future. At last week’s “Summit 2016 – The Digital Marketing Conference” attendance nearly doubled to 10,000 from last year and had many more CEOs than in the past. Adobe plays an important strategic role for customers."

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $92.52 yesterday.

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