Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Analysts up Adobe price targets after analyst day; shares +9.4%

Published 10/19/2017, 09:34 AM
Updated 10/19/2017, 09:34 AM
© Reuters.  Analysts up Adobe price targets after analyst day; shares +9.4%
  • Analysts up Adobe (NASDAQ:ADBE) price targets following the yesterday’s analyst day, which included a reiteration of the Q4 guidance.
  • Cowen raises its Adobe price target from $165 to $185 and maintains an Outperform rating.
  • Analyst Derrick Wood says, “Surprise came from the resiliency of Digital Media growth” and notes that price increases coming in March show the company “flexing its market dominance.”
  • Jefferies analyst Brent Thill raises his price target by $10 to $190 with a Buy rating.
  • Thill ups EPS estimates for FY18 from $5.15 to $5.50 and FY19 from $6.29 to $6.63.
  • Piper Jaffary raises Adobe’s price target from $180 to $195 with an Overweight rating.
  • Analyst Alex Zukin says FY18 guidance implies operating margins over 40% and that doesn’t include the price increases.
  • Source: Bloomberg First Word
  • Adobe shares are up 9.35%.
  • Now read: End Of Summer Market Review


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.