Adobe tops estimates on higher Creative Cloud subscriptions

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Adobe (ADBE) PT Raised to $235 at Morgan Stanley Following 1Q

March 16, 2018 7:39 AM EDT

Morgan Stanley raised its price target on Adobe (NASDAQ: ADBE) to $235.00 (from $193.00) while maintaining a Equalweight rating following the company's 1Q earnings report.

ADBE reported high single digit YoY growth in net new ARR thru most of FY17, 4Q17 rose to 26% YoY growth and... More