Wunderlich Upgrades Adobe Systems Incorporated to Buy with Price Target $145

Brokerage firm Wunderlich Upgrades its rating on Adobe Systems Incorporated(ADBE). As per the latest information, Wunderlich Raises the price target to $145 per share from a prior target of $115. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Wunderlich was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, Wells Fargo said it Initiates Coverage On Adobe Systems Incorporated, according to a research note issued on Jan 11, 2017. The shares have been rated ‘Market Perform’ by the firm.

Adobe Systems Incorporated (ADBE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.91% or 1.14 points. Due to strong positive momentum, the stock ended at $126.21, which is also near the day’s high of $126.94. The stock began the session at $124.6 and the volume stood at 34,77,250 shares. The 52-week high of the shares is $130.3 and the 52 week low is $90.35. The company has a current market capitalization of $62,559 M and it has 49,56,71,900 shares in outstanding.

Adobe Systems Incorporated(ADBE) last announced its earnings results on Mar 16, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $1.682B. Analysts had an estimated revenue of $1.650B. Earnings per share were $0.94. Analysts had estimated an EPS of $0.87.

Several Insider Transactions has been reported to the SEC. On Feb 7, 2017, Mark Garrett (EVP, CFO & Asst. Secretary) sold 45,199 shares at $114.32 per share price.Also, On Feb 3, 2017, Robert K Burgess (director) sold 25,000 shares at $113.19 per share price.On Jan 27, 2017, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 10,440 shares at $113.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Company’s operates in three segments: Digital Marketing Digital Media and Print and Publishing. In Digital Media the Company is engaged in providing tools services and solutions that enable to create publish and promote their content. In Digital Marketing the Company is engaged in providing solutions and services for creating managing executing measuring and optimizing digital advertising and marketing campaigns. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.

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