UPDATE: Goldman Sachs Raises PT to $30 on Adobe Systems; Net Add Forecasts Likely Conservative - Adobe (NASDAQ:ADBE)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Goldman Sachs maintained Adobe Systems (NASDAQ: ADBE) with a Sell rating and raised the price target from $27.00 to $30.00.Goldman Sachs commented, "We expect investors to be focused on the company's continued creative cloud subscription migration. We estimate ADBE added 117k net new subscribers in F1Q13 at an ASP of $37/ month; as such, we are forecasting subscription revenue of $42mn in the period. Management had guided for net new subscribers to come in below the 132k added in the November quarter. We view our net add forecast as very reasonable and would not be surprised if there was slight upside to our forecast."Adobe Systems closed at $41.29 on Wednesday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!