Keith Weiss, an analyst at Morgan Stanley, has increased Adobe's price target from $510 to $520, while keeping an "Overweight" rating. (In financial jargon, "Overweight" typically indicates that the analyst believes the stock will outperform the average return of the analyst's industry coverage universe over the next 12 months.) This new price target marks a 48% hike from the prior figure. Adobe's financial results, unveiled on September 11, revealed that both earnings and sales for the quarter surpassed analyst projections.
