Adobe Systems Inc (ADBE) was reiterated a ‘Buy’ by Dougherty & Company analysts on Monday. The broker also raised its price target on the stock to $122 from $116 noting that they see Adobe as extremely well positioned to capture more of the spend around Digital Marketing.
Shares of Adobe are up 1.45% at $95.16 as of this writing.
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Yahoo! Inc. (YHOO) was reiterated as ‘Neutral’ with a $37 from $32 price target on Monday by Mizuho. The broker’s PT increase primarily reflects the increase in Alibaba (BABA) valuation.
YHOO recently traded at $36.48, a loss of $0.33 over Friday’s closing price. The name has a current market cap of $34.54 billion.
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Facebook, Inc. (FB) rating of ‘Buy’ was reiterated today at Axiom Capital with a price target increase of $150 from $145 (versus a $116.06 previous close). The firm said it sees Facebook’s five-year monetization path well-defined.
FB shares have advanced 5.56% in the last 4 weeks and 9.26% in the past three months. Over the past 5 trading sessions the stock has gained 2.66%.
The $340.44 billion Menlo Park, Calif.-based social networking giant has a median Street price target of $135.00 with a high target of $170.00. Facebook is up 42.11% year-over-year, compared with a 0.38% loss in the S&P 500.
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Shares of Apple Inc. (AAPL) are up $0.84 to $110.83 in pre-market trading after Credit Suisse (CS) reiterated its ‘Outperform’ rating and increased its 12-month base case estimate on the name by 10 points to $150 a share. With its stock at $111, Apple’s market capitalization stands at just under $610B.
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