Adobe (ADBE) Gets a Buy Rating from Credit Suisse

Credit Suisse analyst Brad Zelnick maintained a Buy rating on Adobe (ADBE) yesterday and set a price target of $560.00. The company’s shares closed last Wednesday at $476.00.

According to, Zelnick is a top 100 analyst with an average return of 19.3% and a 75.7% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Ping Identity Holding.

Currently, the analyst consensus on Adobe is a Strong Buy with an average price target of $559.24, implying a 10.6% upside from current levels. In a report issued on September 9, Jefferies also maintained a Buy rating on the stock with a $570.00 price target.

See today’s analyst top recommended stocks >>

Adobe’s market cap is currently $238.7B and has a P/E ratio of 64.10. The company has a Price to Book ratio of -172.78.

Based on the recent corporate insider activity of 90 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.

Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Light room and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

Read More on ADBE:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts