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BMO Capital Believes Adobe (ADBE) Won’t Stop Here


In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Adobe (NASDAQ: ADBE), with a price target of $295. The company’s shares closed yesterday at $268.52, close to its 52-week high of $270.94.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 19.0% and a 73.2% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $282.95 average price target, which is a 5.4% upside from current levels. 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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The company has a one-year high of $270.94 and a one-year low of $143.95. Currently, Adobe has an average volume of 2.8M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.