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Analysts Offer Insights on Technology Companies: Adobe (ADBE) and Infosys Limited (INFY)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Adobe (NASDAQ:ADBE) and Infosys Limited (NYSE:INFY).

Adobe (ADBE)

Robert W. Baird analyst Robert Oliver maintained a Buy rating on Adobe today and set a price target of $290. The company’s shares closed yesterday at $268.52, close to its 52-week high of $270.94.

According to TipRanks.com, Oliver is a top 100 analyst with an average return of 42.5% and a 98.6% success rate. Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Aspen Technology, and Citrix Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $285.05 average price target, representing a 6.2% upside. In a report issued on September 10, Jefferies also maintained a Buy rating on the stock with a $300 price target.

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Infosys Limited (INFY)

Robert W. Baird analyst David Koning maintained a Hold rating on Infosys Limited today and set a price target of $10. The company’s shares closed yesterday at $10.61, close to its 52-week high of $10.65.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 19.6% and a 87.6% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.

Infosys Limited has an analyst consensus of Hold, with a price target consensus of $9.44.

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