In a report released yesterday, Brad Zelnick from Credit Suisse maintained a Buy rating on Adobe (NASDAQ: ADBE), with a price target of $300. The company’s shares opened today at $260.88, close to its 52-week high of $277.61.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 9.4% and a 73.1% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $292.43 average price target, representing a 12.1% 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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The company has a one-year high of $277.61 and a one-year low of $143.95. Currently, Adobe has an average volume of 2.75M.
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