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ADBE

Adobe

$156.60

0.83 (0.53%)

06:54
09/20/17
09/20
06:54
09/20/17
06:54

Jefferies ups Adobe target to $180, calls bookings miss 'speed bump'

The Q3 bookings miss in Experience Cloud detracted from Adobe's otherwise strong quarter, Jefferies analyst Brent Thill tells investors in a post-earnings research note titled "FQ3: One Cylinder Misfiring, But Still Running Faster Overall." The analyst sees the bookings miss as a "small speed bump" due to Adobe's growing enterprise deal sizes. He raised his price target on the shares to $180 from $175 and keeps a Buy rating on the name.

  • 22

    Oct

ADBE Adobe
$156.60

0.83 (0.53%)

08/25/17
08/25/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) initiated with a Buy and CVS Health (CVS) and Fred's (FRED) initiated with a Hold at Loop Capital. 2. Adobe (ADBE), Intuit (INTU), GoDaddy (GDDY) initiated with a Buy at Jefferies, while Mindbody (MB) was initiated with a Hold. 3. New Oriental Education (EDU), Bright Scholar (BEDU) and TAL Education (TAL) initiated with Overweight ratings at Morgan Stanley. 4. WellCare (WCG) coverage assumed with an Overweight at Cantor. 5. Dollar Tree (DLTR) and Dollar General (DG) reinstated with Buy ratings at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
MOFT
09/06/17
INITIATION
Target $195
MOFT
Buy
Adobe initiated with a Buy at MoffettNathanson
MoffettNathanson analyst Adam Holt started Adobe with a Buy rating and $195 price target, as he believes the company's unit growth, selling prices and margin upside can allow it to sustain close to 20% revenue growth for longer than the market currently expects.
09/20/17
PIPR
09/20/17
NO CHANGE
Target $180
PIPR
Overweight
Adobe earnings pullback a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Alex Zukin views Adobe's Q3 results as solid and says the Experience Cloud bookings miss is due to longer sales cycles as it targets larger customers, not a change in demand or competitive dynamics. He continues to view Adobe as having some of the best intermediate and long-term fundamentals in the space. The analyst recommends using the "rare" pullback in the shares post-earnings as a buying opportunity. Zukin reiterates an Overweight rating on the name with a $180 price target.
09/20/17
JPMS
09/20/17
NO CHANGE
Target $170
JPMS
Overweight
Adobe experience bookings to weigh on shares, says JPMorgan
Weaker than expected Adobe experience bookings in Q3 will weigh on shares, JPMorgan analyst Sterling Auty tells investors in a post-earnings research note titled "3Q17: Good, But Not as Great as 2Q17." The analyst is not concerned enough to change his thesis, however, saying the business is "working through growing pains and scale." He believes the stock selloff could provide a buying opportunity and keeps an Overweight rating on Adobe with a $170 price target.

TODAY'S FREE FLY STORIES

NCI

Navigant Consulting

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TWTR

Twitter

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MO

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SO

Southern Company

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-0.225 (-0.52%)

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QCOM

Qualcomm

$63.99

-0.86 (-1.33%)

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0.73 (0.29%)

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QCOM

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AVGO

Broadcom

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MO

Altria Group

$64.11

-0.08 (-0.12%)

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  • 21

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BA

Boeing

$358.54

5.19 (1.47%)

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  • 21

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UNIT

Uniti Group

$15.44

-0.69 (-4.28%)

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  • 01

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TROW

T. Rowe Price

$109.91

-0.58 (-0.52%)

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  • 21

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BA

Boeing

$358.70

5.3515 (1.51%)

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  • 21

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SO

Southern Company

$43.39

-0.08 (-0.18%)

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  • 21

    Feb

SO

Southern Company

$43.43

-0.04 (-0.09%)

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  • 21

    Feb

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General news
Treasury Action: yields remained relatively inert »

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WMT

Walmart

$92.00

-2.11 (-2.24%)

13:17
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Technical Analysis
Technical Take: Walmart moves up off lows of the day »

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$NSD

NASDAQ Market Internals

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BHGE

Baker Hughes

$27.68

1.24 (4.69%)

, GE

General Electric

$14.53

-0.21 (-1.42%)

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BHGE

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GE

General Electric

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$NYE

NYSE Market Internals

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Treasury's upsized $35 B 5-year auction was ok, as expected »

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SO

Southern Company

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  • 21

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MO

Altria Group

$64.04

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CBRL

Cracker Barrel

$161.88

-11.86 (-6.83%)

13:04
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Periodicals
Telsey tells Bloomberg Cracker Barrel canceled from consumer conference »

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  • 06

    Jun

ILG

ILG

$32.19

-0.01 (-0.03%)

13:00
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Options
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  • 13

    Mar

SO

Southern Company

$43.27

-0.2 (-0.46%)

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Earnings
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  • 21

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