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.
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