Wendy Boyd
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Adobe Likely Has More Earnings Upside In Its Future

Adobe Systems Incorporated ADBE has been a strong performer, consistently delivering upside, relative to expectations.

Offering a more positive touch to the company's performance, an analyst at UBS said there could be more earnings upside in the future.

The Analyst

UBS analyst Jennifer Swanson Lowe..

The Rating

Initiated Adobe Systems with a Buy rating and a 12-month $217 price target. Read more

Stochastics are overbought, the price is ready to nreak out the rising wedge. 

We can expect that price will try to close the gap.