Top25-SA-Banner

Credit Suisse Maintains a Hold Rating on Adobe (ADBE)


Credit Suisse analyst Brad Zelnick maintained a Hold rating on Adobe (NASDAQ: ADBE) yesterday and set a price target of $275. The company’s shares closed yesterday at $268.52, close to its 52-week high of $270.94.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 11.3% and a 77.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.

Adobe has an analyst consensus of Moderate Buy, with a price target consensus of $276.50, representing a 3.0% upside. In a report issued on September 11, Goldman Sachs also reiterated a Hold rating on the stock with a $260 price target.

.

See today’s analyst top recommended stocks >>

Based on Adobe’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of $663 million. In comparison, last year the company had a net profit of $420 million.

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.