Apr 6, 2005

Adobe Has Catalysts For Revenue Growth

Source: Forbes

Piper Jaffray said Adobe Systems (nasdaq: ADBEnewspeople ) is “hard to bet against” in the near term after the graphic design software maker announced this morning upgrades to its Creative Suite (CS) software package.

Adobe changed the pricing for some of the new products including Creative Suite Standard and Photoshop CS. “While those with a negative stance on Adobe will likely make a lot of noise regarding the lowered pricing on Photoshop and Creative Suite Standard, we believe the slight decline in pricing will be a net positive, as we expect volumes will increase to more than offset the pricing change,” Piper Jaffray said. The research firm maintained an “outperform” and $74 price target for shares of Adobe Systems. “We remain positive on Adobe given a continuation of positive industry trends and our belief that the company will experience the most significant upgrade cycle in its history over the next two quarters.”

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