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Fly News Breaks for September 20, 2017
ADBE
Sep 20, 2017 | 07:33 EDT
KeyBanc analyst Brent Bracelin remains positive on Adobe based on best-in-class free cash flow growth of 41% year over year, attractive growth prospects for a $8B revenue franchise addressing a $60B TAM, and a dominant market position in Creative Cloud with substantial share gain potential in Marketing and Customer Experience segments. The analyst recommends buying Adobe on weakness as free cash flow should exceed $8 per share within two years. He reiterates an Overweight rating and $174 price target on the shares.
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