Adobe Systems (ADBE) Guides Q3 EPS Above Views

Adobe (ADBE) PT Raised to $165 at BMO Capital

June 21, 2017 9:54 AM EDT

BMO Capital raised its price target on Adobe (NASDAQ: ADBE) to $165.00 (from $160.00) while maintaining a Outperform rating.

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Adobe (ADBE) PT Raised to $184 at BofA/Merrill Lynch

June 21, 2017 8:40 AM EDT

BofA/Merrill Lynch raised its price target on Adobe (NASDAQ: ADBE) to $184.00 (from $160.00) while maintaining a Buy rating.

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Adobe (ADBE) PT Raised to $170 at JPMorgan

June 21, 2017 7:11 AM EDT

JPMorgan raised its price target on Adobe (NASDAQ: ADBE) to $170.00 (from $145.00) while maintaining a Overweight rating.

Analyst Sterling Auty calls the quarter "rock solid" and tells clients the stand out performance indicator for the quarter was digital marketing (which the sell-side has... More

Adobe (ADBE) PT Raised to $147 at Goldman Sachs, "APRU Continues To Drive Upside"

June 21, 2017 6:40 AM EDT

Goldman Sachs raised its price target on Adobe (NASDAQ: ADBE) to $147.00 (from $141.00) while maintaining a Neutral rating.

Analyst Heather Bellini was not expecting the company to increase FY 2017 total revenue growth guidance but it did, to 23% YoY. She tells clients Wednesday... More

Adobe (ADBE) PT Raised to $180 at Piper Jaffray

June 21, 2017 6:26 AM EDT

Piper Jaffray raised its price target on Adobe (NASDAQ: ADBE) to $180.00 (from $160.00) while maintaining a Overweight rating.

Analyst Alex Zukin titles his note "Don't be Bashful, ADBE, Your Growth is Here to Stay" and says the company's business unit trends and geographic... More

Adobe (ADBE) PT Raised to $163 at Citi

June 21, 2017 6:20 AM EDT

Citi raised its price target on Adobe (NASDAQ: ADBE) to $163.00 (from $161.00) while maintaining a Buy rating.

Analyst Walter Pritchard sees growth drivers beyond transition as continuing to ramp including APRU, further consumption and digital market secular trends. He believes these trends support continued compounding and keeps his multiple unchanged.

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Adobe (ADBE) PT Raised to $160 at Deutsche Bank Following 'Clearn' Qtr

June 21, 2017 6:16 AM EDT

Deutsche Bank raised its price target on Adobe (NASDAQ: ADBE) to $160.00 (from $140.00) while maintaining a Buy rating following a "clean quarter."

Analyst Nandan Amladi notes the upside was driven by strong Creative Cloud revenue (+34% y/y) and Marketing Cloud up 29% y/y. Management... More

Adobe (ADBE) PT Raised to $165 at Canaccord Genuity

June 21, 2017 6:04 AM EDT

Canaccord Genuity raised its price target on Adobe (NASDAQ: ADBE) to $165.00 (from $145.00) while maintaining a Buy rating.

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Adobe (ADBE) PT Raised to $160 at Baird

June 21, 2017 6:03 AM EDT

Baird raised its price target on Adobe (NASDAQ: ADBE) to $160.00 (from $140.00) while maintaining a Outperform rating.

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Adobe (ADBE) PT Raised to $165 at Wunderlich Securities, "Experiencing Strength Across the Board"

June 21, 2017 5:21 AM EDT

Wunderlich Securities raised its price target on Adobe (NASDAQ: ADBE) to $165.00 (from $145.00) while maintaining a Buy rating.

Analyst Ryan MacDonald continues to believe the premium valuation is warranted.

Fy 2017 EPS estimate rises from $3.87 to $4.00 and FY 2018 EPS estimate rises from $4.73 to $4.81.

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Adobe (ADBE) PT Raised to $161 at Barclays

June 21, 2017 4:58 AM EDT

Barclays raised its price target on Adobe (NASDAQ: ADBE) to $161.00 (from $155.00) while maintaining a Overweight rating.

Analyst Saket Kalia is bullish on the company's Creative Cloud business and notes that Documents business may be approach a trough as continues to see strength/growth... More

Adobe (ADBE) PT Raised to $152 at JMP Securities, "Benefiting From the Trend of Digital Transformation"

June 21, 2017 4:55 AM EDT

JMP Securities raised its price target on Adobe (NASDAQ: ADBE) to $152.00 (from $138.00) while maintaining a Market Outperform rating.

Analyst Pat Walravens is bullish on the stock for three reasons:

it is executing well;it is exploiting the link between its... More

Adobe (ADBE) PT Raised to $163 at Stifel

June 21, 2017 4:44 AM EDT

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.

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Adobe (ADBE) PT Raised to $114 at Pivotal Research

June 21, 2017 4:42 AM EDT

Pivotal Research raised its price target on Adobe (NASDAQ: ADBE) to $114.00 (from $112.00) while maintaining a Sell rating.

Analyst Brian Wieser remains negative on ADBE noting to clients early Wednesday that the stock remains over-priced. He sees the positive story for the... More

Adobe (ADBE) PT Raised to $160 at Cowen

June 21, 2017 4:37 AM EDT

Cowen raised its price target on Adobe (NASDAQ: ADBE) to $160.00 (from $145.00) while maintaining a Outperform rating.

Analyst J. Derrick Wood says the company is firing on all cylinders and sees "significant EPS power ahead" from the high-margin Digital Media business. Wood... More

Adobe (ADBE) PT Raised to $174 at Pacific Crest

June 21, 2017 4:35 AM EDT

Pacific Crest raised its price target on Adobe (NASDAQ: ADBE) to $174.00 (from $142.00) while maintaining a Overweight rating.

Analyst Brent Bracelin was surprised by the strength in Creative Cloud and the company's ability to sustain high revenue and profit growth. He... More

Adobe's cloud push fuels profit beat, shares surge

June 20, 2017 4:16 PM EDT

(Reuters) - Adobe Systems Inc (NASDAQ: ADBE) reported a better-than-expected quarterly profit and forecast current-quarter above analysts' estimates, as the software maker benefits from a rapid switch to the cloud.

The company's shares were up about 4 percent at record level of $146 in after-market trading on Tuesday.

Adobe has been pushing deeper into cloud-based subscription services, which have a more predictable revenue stream as opposed to revenue from the sale of packaged-licensed software.

Revenue in... More

Adobe Systems (ADBE) Tops Q2 EPS by 7c

June 20, 2017 4:05 PM EDT

Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $1.02, $0.07 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.73 billion.

Adobe achieved record quarterly revenue of $1.77 billion in its second quarter of fiscal year 2017.Diluted earnings per share was $0.75 on a GAAP-basis, and $1.02 on a non-GAAP basis.Digital Media segment revenue was... More