Adobe Systems (ADBE) received a sharp price target hike from Rosenblatt Securities on Wednesday while Analog Devices (ADI) received several price target boosts. Rosenblatt Securities analyst Kirk Adams raised his price target in Adobe to 112 from 90, “as we have confidence that revenue growth and margin expansion will accelerate over the next two years,” he wrote in the research note. Adobe stock fell 1.1% Wednesday to close at 85.48. The stock
Adobe Systems (ADBE) stock reached for the clouds on Friday after getting bullish reports from Pacific Crest Securities and RBC Capital Markets. Adobe hit a record high of 86.38 intraday and closed at 86.12, up 2%, on the stock market today. Pacific Crest analyst Brendan Barnicle sees continued upside from Adobe’s transition to Internet cloud services from a licensed software business model. Barnicle reiterated his overweight rating on the stock
The use of ad-blocking software is exploding and is projected to cost websites nearly $22 billion in lost advertising revenue worldwide this year, according to a new study. The biggest facilitator of ad-blocking software is Google ‘s (GOOGL) Chrome browser, according to a study released Monday by PageFair and Adobe Systems (ADBE). About 198 million Internet users worldwide in the second quarter used ad-blocking software, PageFair reported. That’s