Adobe Systems (ADBE) Offers 3-Year Growth Strategy; Guides FY16 EPS, Revenue Below Views
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Adobe's (ADBE) Price Target Raised to $90 at Deutsche Bank
October 7, 2015 10:26 AM EDTDeutsche Bank maintained a Buy rating on Adobe (NASDAQ: ADBE) and raised its price target to $90.00 (from $85.00). Shares were volatile after Adobe updated guidance yesterday.
Analyst Nandan Amladi said, "At a product-centric keynote yesterday to 7,000 attendees, CreativeSync, the new Stock offering, responsive design and... More
FBR Capital Raises Price target on Adobe Systems (ADBE) Following Analyst Day
October 7, 2015 9:25 AM EDTFBR Capital reiterated a Market Perform rating on Adobe (NASDAQ: ADBE), and raised the price target to $87.00 (from $82.00), following an analyst day and MAX user conference. The event concentrated on how Adobe's Cloud Platform and large ecosystem have positioned it to grow its user base and increase enterprise adoption of its products as the digital world transforms.
Analyst Samad Samana... More
Adobe Systems (ADBE) Sinks 11% on Weaker Outlook
October 6, 2015 4:26 PM EDTAdobe Systems (NASDAQ: ADBE) is trading down 11% after guiding FY 2016 EPS and revenue below the Street.
Adobe said it sees FY 2016 revenue of $5.7 billion and non-GAAP EPS of $2.70, versus the consensus of $5.9 billion and $3.19.
... More