Adobe Systems (ADBE) Tops Q3 EPS by 4c; Announces Several Executive Changes

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Go back to Adobe Systems (ADBE) Tops Q3 EPS by 4c; Announces Several Executive Changes

Jefferies Raises Price target on Adobe Systems (ADBE) Following 3Q15

September 18, 2015 8:16 AM EDT

Jefferies reiterated a Buy rating on Adobe (NASDAQ: ADBE), and raised the price target to $92.00 (from $90.00), following the company's 3Q15 earnings results.

Analyst Brad Zelnick commented, "We reiterate our Buy rating and raise our PT to $92 from $90 following solid F3Q results. The... More

UBS Reiterates Buy on Adobe Systems (ADBE) Following 3Q15 Results

September 18, 2015 8:00 AM EDT

UBS reiterated a Buy rating and $90.00 price target on Adobe (NASDAQ: ADBE) following the company's 3Q15 results. Revenues of $1,218M beat Street's $1,214M, and fell with in guidance of $1,175-1,225M. EPS of $0.54 beat consensus by 4c and guidance of $0.45-0.51.

Analyst Brent Thill commented, "FQ3 results beat broadly across, including a... More