In a report published Tuesday, Sterne Agee analyst Robert Breza reiterated a Buy rating and $85.00 price target on Adobe Systems ADBE.
In the report, Sterne Agee noted, “After the release in June of the most significant Creative Cloud evolution since CS6, with new applications and services, we expect a strong Q3, showing continuing retention rates improvements and Creative Cloud adoption acceleration with easy comparables. We maintain Buy rating and PT of $85.”
Adobe Systems closed on Monday at $70.27.
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