Adobe (ADBE) Gets a Buy Rating from Credit Suisse


Credit Suisse analyst Brad Zelnick maintained a Buy rating on Adobe (ADBE) on September 17 and set a price target of $325. The company’s shares closed last Monday at $279.72.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 14.6% and a 72.1% success rate. Zelnick covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, SS&C Technologies Holdings, and Ceridian HCM Holding Inc.

Currently, the analyst consensus on Adobe is a Strong Buy with an average price target of $317, implying a 15.1% upside from current levels. In a report issued on September 13, RBC Capital also initiated coverage with a Buy rating on the stock with a $320 price target.

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The company has a one-year high of $313.11 and a one-year low of $204.95. Currently, Adobe has an average volume of 2.56M.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.

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