Wedbush Maintains a Hold Rating on Adobe (ADBE)


In a report released today, Daniel Ives from Wedbush maintained a Hold rating on Adobe (ADBE), with a price target of $270. The company’s shares opened today at $258.03.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 6.6% and a 61.8% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Pivotal Software Inc, and Verint Systems Inc.

Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $282.57, implying a 9.5% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.

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Adobe’s market cap is currently $130.5B and has a P/E ratio of 51.38. The company has a Price to Book ratio of 13.94.

Based on the recent corporate insider activity of 51 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.