Stephens Reiterates Overweight Rating on Adobe (ADBE)

September 3, 2019 6:52 AM EDT
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Price: $620.80 -0.81%

Rating Summary:
    32 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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Stephens analyst James Rutherford reiterated an Overweight rating and $327.00 price target on Adobe (NASDAQ: ADBE) as the company continues A/B testing.

Adobe is testing a ~30% price increase on both Individual and Business Acrobat packages. Rutherford calls investor attention to this test given the size of the increase and the fact that Document Cloud constitutes a full 12% of Digital Media ARR and an equal amount of Net New ARR growth.

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 $284.51 yesterday.

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