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Morgan Stanley Reiterates on Adobe Systems on Growing Interest in Creative Cloud

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In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Adobe Systems (NASDAQ: ADBE).

In the report, Morgan Stanley noted, “Interest in Creative Cloud remains high with 41% of users on CC or planning to migrate to CC in the next 12 months. However, 53% of ADBE users have no plans to migrate with cost the primary barrier. We see potential upside to subs adds near term, but also see this as priced in at current levels.”

Adobe Systems closed on Wednesday at $54.10.

Latest Ratings for ADBE

DateFirmActionFromTo
Jul 2016Piper JaffrayInitiates Coverage onOverweight
Jun 2016Cowen & CompanyInitiates Coverage onOutperform
Apr 2016Credit SuisseAssumesNeutral

View More Analyst Ratings for ADBE
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Posted-In: Jennifer Swanson Lowe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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