The stocks of ADBE found their Q3 estimates increased by analysts from Griffin Securities in a research note that was published to investors on the 10th of May. According to the report, the analyst has now predicted that the company will be putting up an EPS of $2.38 for the quarter, which was an increase from the previous sum of $2.37. The company currently has a buy rating with a price target of $597 on the company.
The Stock Commentary Of ADBE
There have been quite a few research equities that have commented on the stocks of ADBE. Wolfe Research has already started covering the shares of the company, where it put up a rating of “outperform” with a price target of $650 in a 28th April report.
JPMorgan Chase & Co increased the price target of the company from $410 to $510 with a rating of neutral in a 3rd February research report. Guggenheim has also put up a rating of hold in a 22nd April research note. In the end, Credit Suisse set the company with a rating of “outperform” with a price target of $575 in a 16th March research report.
One of the investment analysts covering the firm has given it a rating of sell, while five others have given it a rating of hold. Around twenty different research analysts have provided the company with a rating of buy. Currently, ADBE has a buy rating with a $551.68 price target.
The stocks of ADBE traded on Thursday at $478.50. The moving average price of the company over a period of 50 days is $496.28, with the moving average price of the company after a period of 200 days is set at $479.32. The market cap of the company is $338.72 billion, with a 43.55 PE ratio, and a 2.55 PEG ratio.
