Adobe Systems Incorporated (ADBE) Upgraded to Hold by Pivotal Research

Adobe Systems Incorporated (ADBE) Upgraded to Hold by Pivotal Research

Adobe Systems Incorporated (NASDAQ:ADBE) unveiled its latest quarterly earnings guidance Thursday. The stock has "Overweight" rating by Piper Jaffray on Tuesday, July 26. Price Target plays a critical role when it comes to the analysis of a Stock.

RBC Capital Markets maintained the shares of ADBE in report on Sunday, October 8 with "Buy" rating. Adobe Systems Incorporated had a market cap of 75.26B, indicating that it has a good hold on the market value of the shares outstanding. Canaccord Genuity reissued a "buy" rating and issued a $170.00 price objective (up from $165.00) on shares of Adobe Systems in a research note on Wednesday, September 20th. J P Morgan Chase & Co raised their price target on Adobe Systems to $185.00 and gave the company an "overweight" rating in a report on Thursday. Vetr downgraded Adobe Systems from a strong-buy rating to a buy rating and set a $157.24 price objective for the a research report on Tuesday, June 20th.

ADBE is now undervalued by -6.88% relative to the average 1-year price target of $164.30 taken from a group of Wall Street Analysts. About 2.46 million shares traded.

Peregrine Pharmaceuticals, Inc. (NASDAQ:PPHM) shares are moving 10.21% trading at $4.21 today. The company has market cap of $84.34 billion. The firm's 50 day moving average is $151.96 and its 200 day moving average is $143.83.

Investors and Traders continue to monitor technical levels of shares of Adobe Systems Incorporated (ADBE).

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Adobe Systems (NASDAQ:ADBE) last announced its earnings results on Tuesday, September 19th. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The business's revenue was up 25.8% compared to the same quarter previous year.

The forward P/E of Adobe Systems Incorporated is at 29.39 signifying the uses of estimated net earnings over the next 12 months. Earnings will come in at $1.15 per share, the company says, below analysts' prediction of $1.16 per share. The stock closing price is now trading upward to its 50 day moving average with change of 1.20%, escalated to its 20 day moving average with figure of 2.28% and above its 200 day moving average with value 12.85%.

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Shares of Adobe Systems (ADBE) opened at 153.00 on Thursday. (NASDAQ:PPHM). Analysts are projecting that the stock will reach $10.00 on a short term (1 year) basis. The shares were sold at an average price of $155.88, for a total value of $304,433.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The shares were sold at an average price of $149.38, for a total value of $1,867,250.00. The disclosure for this sale can be found here.

Following last quarter's bookings miss in Adobe Experience Cloud, we were encouraged to see the company provide historical context on the revenue split in that business and highlight Experience Cloud subscription growth and bookings growth estimates of 20% for fiscal 2018. It increased, as 49 investors sold ADBE shares while 326 reduced holdings. Gofen & Glossberg LLC IL grew its stake in Adobe Systems by 2.7% during the first quarter. Aviva PLC grew its stake in Adobe Systems by 0.4% during the second quarter. CWM LLC now owns 748 shares of the software company's stock valued at $106,000 after purchasing an additional 79 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Adobe Systems in the 2nd quarter valued at approximately $141,000. Signature Estate And Investment Advisors Limited Liability stated it has 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Ardevora Asset Management Llp owns 0.85% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 191,000 shares. Hedge funds and other institutional investors own 87.49% of the company's stock. Stralem And stated it has 3.22% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

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