Argus analyst Joseph Bonner raised his price target on Adobe to $320 from $289 and kept his Buy rating after its Q3 earnings beat, also raising his FY18 EPS view to $6.80 from $6.66 and FY19 to $7.73 from $7.22. The analyst is positive on the company's positioning "at the center of the exploding market for digital video content and advertising creation and management" with its "unique" software assets. Bonner adds that Adobe is accelerating its organic product refreshes and new rollouts while also partnering with industry leaders like Microsoft (MSFT), Accenture (ACN), Publicis, and Samsung (SSNLF) to drive continued growth. The analyst further notes the management's pattern of providing "underpromised and overdelivered" results.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here