Close

Adobe Systems (ADBE): Stock to Grind Higher - Jefferies

September 12, 2017 7:32 AM EDT
Get Alerts ADBE Hot Sheet
Price: $504.60 +0.04%

Rating Summary:
    35 Buy, 17 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE

Jefferies analyst, Brent Thill, reiterated his Buy rating on shares of Adobe (NASDAQ: ADBE) price and expects shares to continue to "grind higher, though not fly higher".

He stated "Digital Media segment should benefit from ARR that's on track to exceed $5Bn by yr-end, steady growth in new subs (espec. int'l), positive ARPU trends, and boost from stock image (~Fotolia) and digital video products. Digital Marketing segment is most levered to internet trends in marketing, advertising, & analytics".

No change to the target of $175.

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 $156.87 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Jefferies & Co