UBS Reaffirms Their Hold Rating on Adobe (ADBE)

In a report released today, Karl Keirstead from UBS reiterated a Hold rating on Adobe (ADBE – Research Report), with a price target of $430.00. The company’s shares opened today at $392.50.

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Keirstead covers the Technology sector, focusing on stocks such as Adobe, Microsoft, and Atlassian. According to TipRanks, Keirstead has an average return of 14.6% and a 64.59% success rate on recommended stocks.

In addition to UBS, Adobe also received a Hold from TD Cowen’s Derrick Wood in a report issued today. However, on the same day, Goldman Sachs reiterated a Buy rating on Adobe (NASDAQ: ADBE).

ADBE market cap is currently $176B and has a P/E ratio of 27.24.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is neutral on the stock. Last month, Jillian Forusz, the SVP & CAO of ADBE sold 462.00 shares for a total of $175,827.96.