What’s in store for Adobe in the long run? Here’s what several big-name Wall Street firms have had to say about the stock recently.
Jefferies
After speaking with Adobe CEO Shantanu Narayen, Jefferies analysts see a “$20 billion opportunity in helping companies relate directly to customers in an increasingly connected, multi-channel world.” Jefferies has a Buy rating on Adobe and a $90 target for the stock.
JPMorgan
JPMorgan analysts believe Adobe’s digital marketing business “is early in its secular adoption,” and predict that the company can grow the business by greater than 20 percent annually for at least the next five years. JPMorgan has an Overweight rating on Adobe and a $91 target for the stock.
Morgan Stanley
Morgan Stanley analysts “see…
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