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ADBE

Adobe

$305.76

-2.95 (-0.96%)

06:18
07/17/19
07/17
06:18
07/17/19
06:18

UBS believes Adobe can sustain profit growth

UBS analyst Jennifer Lowe kept her Buy rating and $330 price target on Adobe, saying that in spite of its revenue stream shifting to lower-margin Digital Experience channel from the higher margin Digital Media segment, she believes the company can sustain an operating profit and earnings growth of 20% or more. The analyst contends that the company's profit growth should support the current enterprise value to expected 2020 earnings multiple of 31-times and expects Adobe shares to continue moving higher.

ADBE Adobe
$305.76

-2.95 (-0.96%)

06/19/19
WEDB
06/19/19
NO CHANGE
Target $290
WEDB
Neutral
Adobe price target raised to $290 from $270 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Adobe to $290 from $270 after the company reported a "solid" Q2 as the "ARR machine continued to hum along" with its Digital Media business growing 22% year over year and core underlying metrics supporting a company that is still in the middle innings of a growth cycle. The analyst believes the company has some fuel left in the tank heading into the rest of 2019/2020 with potential new customer acquisitions in its sights especially as perpetual document cloud users continue to make their cloud journey through Adobe's Creative Cloud which is still finding "impressive ways" to further penetrate its massive installed base. Ives reiterates a Neutral rating on the shares.
06/19/19
FBCO
06/19/19
NO CHANGE
Target $325
FBCO
Outperform
Adobe price target raised to $325 from $300 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Adobe to $325 from $300 following another "solid quarter" of both Digital Media ARR and Digital Experience revenue exceeding expectations. While Q3 guidance was a touch light, Q4 commentary was positive and guidance remains conservative, he contends. The analyst anticipates the ARR momentum continues, particularly with Document Cloud, as Adobe can both attract new customers and increase ARPU across the user base. Zelnick reiterates an Outperform rating on the shares.
06/19/19
RBCM
06/19/19
NO CHANGE
Target $295
RBCM
Outperform
Adobe price target raised to $295 from $290 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on Adobe to $295 and kept his Outperform rating after its better than expected Q2 results. The analyst also notes that while the company's Q3 outlook was below consensus, its maintained FY19 guidance implies a "big Q4", which he sees as "very much achievable". The analyst contends that Adobe is just beginning to "flex pricing" for its Creative base, which has had static rates )since the launch of the service in FY12. Hedberg further believes that the company's Creative Suite conversion opportunity is "under-appreciated" with as many as 6M users still in the install base, while noting that its operating expenses could also come in lower.
06/20/19
ARGS
06/20/19
NO CHANGE
Target $320
ARGS
Buy
Adobe positioned at 'center of exploding market' for digital video, says Argus
Argus analyst Joseph Bonner kept his Buy rating and $320 price target on Adobe after its "strong" Q2 results, also maintaining his FY19 and FY20 EPS forecasts of $7.85 and $9.77. The analyst believes that the company is well positioned at the "center of the exploding market for digital video content" with a unique asset collection in its Creative Cloud digital content portfolio. Bonner further sees Adobe continuing to "accelerate organic product refreshes and new rollouts" as well as partnering with industry leaders to drive further growth.

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Sophos Group

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RETA

Reata Pharmaceuticals

$100.37

4.57 (4.77%)

, GLUU

Glu Mobile

$5.50

0.025 (0.46%)

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GLUU

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$21.21

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ASB

Associated Banc-Corp

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Bloomin' Brands

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CPA

Copa Holdings

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-0.045 (-0.05%)

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SPY

SPDR S&P 500 ETF Trust

$296.06

-0.2 (-0.07%)

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S&P 500

$0.00

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Periodicals
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SPDR S&P 500 ETF Trust

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SEDG

SolarEdge

$89.14

0.19 (0.21%)

, ISCA

International Speedway

$45.21

0.165 (0.37%)

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SEDG

SolarEdge

$89.14

0.19 (0.21%)

ISCA

International Speedway

$45.21

0.165 (0.37%)

GLUU

Glu Mobile

$5.50

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GLUU

Glu Mobile

$5.50

0.025 (0.46%)

, SEDG

SolarEdge

$89.14

0.19 (0.21%)

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GLUU

Glu Mobile

$5.50

0.025 (0.46%)

SEDG

SolarEdge

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0.19 (0.21%)

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SEDG

SolarEdge

$89.14

0.19 (0.21%)

, ISCA

International Speedway

$45.21

0.165 (0.37%)

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SolarEdge to replace International Speedway in S&P 400 at open on 10/18 »

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SEDG

SolarEdge

$89.14

0.19 (0.21%)

ISCA

International Speedway

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0.165 (0.37%)

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SFIX

Stitch Fix

$21.21

-0.62 (-2.84%)

17:12
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Stitch Fix initiated at Baird »

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BLMN

Bloomin' Brands

$18.15

-0.83 (-4.37%)

17:12
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Bloomin' Brands rating change at Deutsche Bank »

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QIWI

Qiwi

$20.34

0.09 (0.44%)

17:02
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Qiwi CFO Vladislav Poshmorga resigned effective October 8th »

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RLMD

Relmada Therapeutics

$11.10

0.4 (3.74%)

16:51
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Relmada Therapeutics to announces Phase 2 study results of REL-107 on October 15 »

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AGFS

AgroFresh Solutions

$2.39

0.125 (5.53%)

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EHTH

eHealth

$53.12

-2.86 (-5.11%)

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GPN

Global Payments

$164.14

1.2 (0.74%)

16:38
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APTS

Preferred Apartment

$14.41

0.075 (0.52%)

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OHI

Omega Healthcare

$43.05

0.65 (1.53%)

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RPAY

Repay Holdings

$13.21

-0.07 (-0.53%)

16:35
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SQ

Square

$61.83

0.29 (0.47%)

16:34
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FISV

Fiserv

$106.05

0.41 (0.39%)

, FDC

First Data

$0.00

(0.00%)

16:34
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Fiserv

$106.05

0.41 (0.39%)

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LDOS

Leidos

$82.50

-0.66 (-0.79%)

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RETA

Reata Pharmaceuticals

$100.37

4.57 (4.77%)

16:30
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Options
Preliminary option volume of 13.7M today »

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FIS

FIS

$132.70

0.69 (0.52%)

16:29
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AKRX

Akorn

$3.81

-0.105 (-2.69%)

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EHTH

eHealth

$53.12

-2.86 (-5.11%)

16:27
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