May 23, 2005

Adobe ‘Hard To Bet Against’ In The Near Term

Source: Forbes

Piper Jaffray maintained an “outperform” rating on Adobe Systems (nasdaq: ADBEnewspeople ) with a $74 target price and raised estimates.

“Based on our checks over the last few days with half of Adobe’s U.S. license centers (eight Adobe license centers out of 16 in the U.S.), we believe Adobe will report second-quarter results slightly above the high end of guidance and, for the third quarter, will raise guidance above Street consensus.”

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