Adobe to Acquire Magento Commerce
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Stifel Remains Bullish on Adobe Systems (ADBE) Following Announced Acquisition Intentions for Magento
May 22, 2018 7:07 AM EDTStifel reiterated a Buy rating and $250.00 price target on Adobe (NASDAQ: ADBE) following the company's announced intention to acquire privately-held Magento Commerce for ~$1.68bn in cash from Permira.
The company's board also authorized an $8bn stock repurchase program. This sizable authorization... More
