UBS Lifts PT on Adobe (ADBE) to $46 Post Q1; Creative Cloud Sees Momentum
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Goldman Sachs Raises PT, Maintains Sell on Adobe (ADBE)
March 20, 2013 10:47 AM EDTGoldman Sachs today maintained a Sell rating on Adobe (NASDAQ: ADBE) and raised its price target to $34.00 (from $30.00).
"We are raising our 12 month price target from $30 to $34 as we increase our multiples given the company's successful execution thus far in its subscription transition," said... More
Stifel Nicolaus Downgrades Adobe (ADBE) to Hold
March 20, 2013 8:01 AM EDTStifel Nicolaus downgraded Adobe (NASDAQ: ADBE) from Buy to Hold.
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 $40.75 yesterday, with a 52 week range of $29.52-$41.93.... More
Jefferies Raises Numbers on Adobe (ADBE) Post Q1, But Stays on Sidelines
March 20, 2013 7:55 AM EDTJefferies bumped estimates and its price target on Adobe (NASDAQ: ADBE) from $41 to $43 following Q1 results but maintained a Hold rating.
The firm comments, "ADBE beat on revs/ EPS, but importantly on CC sub adds and ARR, deferred rev and... More
Adobe (ADBE) Guides Q2, Boosts FY13 Outlook
March 19, 2013 4:25 PM EDTAdobe (Nasdaq: ADBE) issued guidance on its quarterly call Tuesday.
The company sees Q213 EPS of $0.29 - $0.35 and revs of $975 million to $1.025 billion. The Street is looking for EPS of $0.34 and revs of $1.02 billion.
For FY13, Adobe raised its EPS... More
Adobe Systems, Inc. (ADBE) Tops Q1 EPS by 4c
March 19, 2013 4:03 PM EDTAdobe Systems, Inc. (NASDAQ: ADBE) reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $986 million.
Creative Cloud is quickly becoming mainstream, with the overwhelming majority of Creative purchases on... More
