Analyst Heather Bellini writes that the company unexpectedly increased FY17 revenue growth guidance and that she expects the company to meet EPS guidance.
Piper Jaffray raises its Adobe target by $20 to $180 while reiterating an Overweight rating.
Analyst Alex Zukin cites accelerating yet sustainable business and geographic reporting trends while raising FY17 EPS estimate to $4.04 and FY18 EPS to $5.02.
Latest Adobe analyst standings: 12 Buy, 12 Outperform, 4 Hold, and 1 Sell.
Median price target: $145.
Adobe shares are up 4.71% premarket.
Previously: Adobe Q2 beats estimates; shares up 3.5% (June 20)
Now read: Is It Too Late To Buy Adobe? »
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