Adobe Systems (ADBE): Stock to Grind Higher - Jefferies
Get Alerts ADBE Hot Sheet
Rating Summary:
35 Buy, 17 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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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.
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