Adobe Systems Incorporated (NASDAQ:ADBE) Price Target Raised to $105 at Baird

Baird raised target price to $105 from $100 for Adobe Systems Incorporated (NASDAQ:ADBE) based on the company’s positive earnings report and a much stronger-than-expected subscriber growth.

The firm is one of 11 equity research analysts that have recently weighed in on shares of Adobe Systems Incorporated (NASDAQ:ADBE). On a consensus basis, the sell-side has a one year price target of $104.454 on the stock. The most aggressive analyst sees the stock reaching $114 while the most conservative has a $94 target price.

In terms of Buy,Sell or HOld recommendations, Adobe Systems Incorporated has an averate broker rating of 1.77. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $0.51 for the current quarter on or around 2016-06-21. Most recently the company posted an earnings surprise of 10.64% as the reported number of $0.52 was $0.05 away from consensus estimates.

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