Analysts Offer Insights on Technology Companies: Adobe (NASDAQ: ADBE) and Alliance Data Systems (NYSE: ADS)

By Jason Carr

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Adobe (NASDAQ: ADBE) and Alliance Data Systems (NYSE: ADS).

Adobe (NASDAQ: ADBE)

Credit Suisse analyst Michael Nemeroff downgraded Adobe (NASDAQ: ADBE) to Hold on September 15 and set a price target of $160. The company’s shares closed on Friday at $154.49, close to its 52-week high of $157.89.

According to TipRanks.com, Nemeroff is a 5-star analyst with an average return of 13.5% and a 56.0% success rate. Nemeroff covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Cornerstone Ondemand, and Verint Systems Inc.

Adobe has an analyst consensus of Moderate Buy, with a price target consensus of $161.38.

Alliance Data Systems (NYSE: ADS)

In a report issued on September 15, Paul Condra from Credit Suisse maintained a Sell rating on Alliance Data Systems (NYSE: ADS), with a price target of $174. The company’s shares closed on Friday at $216.

According to TipRanks.com, Condra is a 5-star analyst with an average return of 17.0% and a 83.1% success rate. Condra covers the Technology sector, focusing on stocks such as Fidelity National Info, Total System Services, and Global Payments Inc.

Alliance Data Systems has an analyst consensus of Moderate Buy, with a price target consensus of $256.27.

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