Credit Suisse analyst Brad Zelnick maintained a Buy rating on Adobe (NASDAQ: ADBE) today and set a price target of $300. The company’s shares opened today at $260.67, close to its 52-week high of $277.61.
According to TipRanks.com, Zelnick is a 3-star analyst with an average return of 3.8% and a 48.8% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Ultimate Software, and Everbridge Inc.
Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $292.71, representing a 12.3% upside. In a report issued on October 11, BMO Capital also maintained a Buy rating on the stock with a $295 price target.
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The company has a one-year high of $277.61 and a one-year low of $149.03. Currently, Adobe has an average volume of 3.02M.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADBE in relation to earlier this year.
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.
