Stifel raised its price target on Adobe (NASDAQ: ADBE) to $163.00 (from $150.00) while maintaining a Buy rating.

Analyst Tom Roderick likes the boost Creative and Marketing teams gave to ADBE for the Q2 beat.

He raises FY 2017 EPS estimate from $3.90 to $4.02 and raises FY 2018 EPS estimate from $4.88 to $5.00.

Analyst Comments Analyst EPS Change Analyst PT Change

Adobe (ADBE) PT Raised to $165 at BMO CapitalJune 21, 2017 9:54 AM Adobe (ADBE) PT Raised to $184 at BofA/Merrill LynchJune 21, 2017 8:40 AM Adobe (ADBE) PT Raised to $150 at Morgan StanleyJune 21, 2017 8:22 AM Adobe (ADBE) PT Raised to $170 at JPMorganJune 21, 2017 7:11 AM Adobe (ADBE) PT Raised to $147 at Goldman Sachs, "APRU Continues To Drive Upside"June 21, 2017 6:40 AM Adobe (ADBE) PT Raised to $180 at Piper JaffrayJune 21, 2017 6:26 AM Adobe (ADBE) PT Raised to $163 at CitiJune 21, 2017 6:20 AM Adobe (ADBE) PT Raised to $160 at Deutsche Bank Following 'Clearn' QtrJune 21, 2017 6:16 AM Adobe (ADBE) PT Raised to $165 at Canaccord GenuityJune 21, 2017 6:04 AM Adobe (ADBE) PT Raised to $160 at BairdJune 21, 2017 6:03 AM Adobe (ADBE) PT Raised to $165 at Wunderlich Securities, "Experiencing Strength Across the Board"June 21, 2017 5:21 AM Adobe (ADBE) PT Raised to $161 at BarclaysJune 21, 2017 4:58 AM Adobe (ADBE) PT Raised to $152 at JMP Securities, "Benefiting From the Trend of Digital Transformation"June 21, 2017 4:55 AM Adobe (ADBE) PT Raised to $114 at Pivotal ResearchJune 21, 2017 4:42 AM Adobe (ADBE) PT Raised to $160 at CowenJune 21, 2017 4:37 AM Adobe (ADBE) PT Raised to $174 at Pacific CrestJune 21, 2017 4:35 AM Adobe Systems (ADBE) Guides Q3 EPS Above ViewsJune 20, 2017 4:55 PM Adobe Systems (ADBE) Tops Q2 EPS by 7cJune 20, 2017 4:05 PM