You Can Now Hold Adobe, Vetr Crowd Says

Shares of Adobe Systems Incorporated ADBE have gained 7.9 percent since the beginning of the year and more than 22 percent over the past six months. Following such a rally, the Vetr crowd seems to believe there is no room for upside left, as evidenced by its average price target of $101.01, which implies a slight downside from current valuations around $101.35.

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Seeking to better reflect these estimates, the Vetr community decided upgrade its rating on shares of Adobe on Wednesday, from 2.5 Stars (Sell) to 3.0 Stars (Hold) - out of a possible 5.0 Stars rating.

It should be noted that, in accordance with the new rating, 57 percent of the crowd’s ratings are bullish.