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.
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