Market Overview

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

Share:
Related ADBE
Benzinga's Top Initiations
Adobe Saw Continued Momentum In Its Creative Cloud, Says Deutsche Bank
The Vetr community has downgraded $ADBE to 4-Stars (Vetr)

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
Jun 2016Cowen & CompanyInitiates Coverage onOutperform
Apr 2016Credit SuisseAssumesNeutral
Apr 2016Dougherty & CompanyMaintainsBuy

View More Analyst Ratings for ADBE
View the Latest Analyst Ratings

Posted-In: Jennifer Swanson Lowe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ADBE)

View Comments and Join the Discussion!