ADBE Has Its Price Target Reduced To $560 By Jefferies

ADBE
ADBE

The stocks of ADBE have their price target reduced by stock analysts working for Jefferies Financial Group from a sum of $610 to $560 in a Tuesday research report. Currently, the firm has a rating of buy. The price target set by the brokerage on the company implies an increase of 16% on the current price of the company. 

The Stock Commentary Of ADBE

There have been quite a few research equities that have commented on the stocks of ADBE. The Goldman Sachs Group has already issued a rating of neutral with a price target of $523 in a 3rd March research report. Morgan Stanley has also increased the price target of the company to $575 with a rating of overweight in a 30th March research report.

JPMorgan Chase & Co has also increased the price target of the company to $595 with a rating of overweight in a 24th March research report. Griffin Securities has also reiterated the rating of buy with a price target of $597 with a rating of buy in a 3rd March research report. In the end, Guggenheim has also put up a rating of hold in a 22nd April research note. 

One of the investment analysts has already given the company a rating of sell, while five others have given the company a rating of hold. Twenty other analysts provided the company a rating of buy. Currently, ADBE has a buy rating with a $550.08 price target. 

The stocks of ADBE traded on Tuesday at $482.74. The market cap of the firm is $230.75 billion, with a 44.53 PE, and a 2.55 PEG ratio. The debt-to-equity ratio of the company was set at 0.31, with the current ratio set at 1.48, and a 1.44 quick ratio. The moving average price of the company over a period of 50 days is $498.38, with a moving average price over 200 days set at $479.55. The year low of the company was $361.44, with a $536.88 year high.