Adobe Systems (ADBE) Tops Q2 EPS by 12c, Offers Q3 Guidance

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Adobe (ADBE) PT Raised to $288 at RBC Capital; Fundamentals Intact Despite Opex Disappointment

June 15, 2018 6:50 AM EDT

RBC Capital raised its price target on Adobe (NASDAQ: ADBE) to $288.00 (from $268.00) while maintaining an Outperform rating following solid results.

Analyst Ross MacMillan said while opex for the quarter and the F3Q18 ARR guide may have disappointed some bulls, we think the... More