Adobe Systems Incorporated (NASDAQ:ADBE) soared 0.08% during previous trade, a total of 1.90M shares exchanged hands compared with its average trading volume of 2.53M shares whereas its relative volume is 0.82. The stock has a market capitalization of $65.11B along with 494.70M outstanding shares. Stock’s intraday price range hit the peak level of $131.97 and touched the lowest level of $131.03.
Most recently Adobe Systems Incorporated (NASDAQ:ADBE)’s price target was revised on 4/12/17 and according to 26 analysts stock’s price will reach at $143.85 during 52 weeks with standard deviation of 13.12. Stock’s minimum price target estimates has been figured out at $109 while the maximum price target forecast is established at $160, if we look at the price target with an optimistic approach it has upside potential of 22% from its latest closing price of $131.52.
Historically, if we look at price target revisions, two weeks ago Adobe Systems Incorporated (NASDAQ:ADBE)’s price target was revised on 3/20/17 by the analysts, however the bullish price estimates of the stock set at $160 while the bearish estimates kept at $109 over the next one year. Stock’s 52-week target was retained at $142.55, the estimates indicates a standard deviation of 13.57.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.50. ABR value is precisely based on brokerage recommendations, where out of 18 brokerage recommendations 13 rate Adobe Systems Incorporated (NASDAQ:ADBE) stock a Strong Buy, 1 rate the stocks of the company a Buy, 4 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/17/17 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) upgraded by Wunderlich from Hold to Buy. However previously on 1/12/17 it was downgraded by Pivotal Research Group from Buy to Hold. A research note issued on 8/25/15 the stock was upgraded by Robert W. Baird from Neutral to Outperform.
Adobe Systems Incorporated (NASDAQ:ADBE) performance over the past one year soared 36.47% whereas its year to date (YTD) performance indicated a bullish trend of 27.75%. During the last six months the stock climbed 21.34%. Quarterly performance of the company shows optimistic momentum of 18.80% while its last one month trend is positive with 4.21%. Stock’s weekly performance expressed up trend of 1.91%.
The company’s price sits 6.06% above from its 50-day moving average of $126.92 and 20.29% far from the stock’s 200-day moving average which is $113.54. Adobe Systems Incorporated (NASDAQ:ADBE)’s shares are currently trading -0.36% away from the 52-week high price of $131.99 and +45.57% far from the 52-week low price of $90.35.
According to consensus agreement of 28 analysts Adobe Systems Incorporated (NASDAQ:ADBE) will report earnings per share of $0.95 in their quarterly report and it is expected to announce the company’s results on 3/16/17. For the current quarter the company has high EPS estimates of $0.98 in contradiction of low EPS estimates of $0.94. However a year ago for the same quarter the company has reported $0.71 EPS. Current year EPS projections for Adobe Systems Incorporated (NASDAQ:ADBE) set at $3.95 according to the sentiments of 30 analysts, while its lowest earnings estimates are $3.75 and highest earnings estimates are $4.23.
According to 25 analysts, Adobe Systems Incorporated (NASDAQ:ADBE)’s revenue estimates for the current quarter are $1.73 meanwhile the company has high revenue estimates of $1.76B in contradiction of low revenue estimates of $1.72B. For the current year the company’s revenue estimates are $7.16B compared to low analyst estimates of $7.07B and high estimates of $7.28B according to the projection of 28 analysts.