Analysts Offer Insights on Technology Companies: Twitter (NYSE: TWTR) and Adobe (NASDAQ: ADBE)

By Austin Angelo

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

Twitter (NYSE: TWTR)

KeyBanc analyst Andy Hargreaves reiterated a Hold rating on Twitter (NYSE: TWTR) yesterday. The company’s shares closed yesterday at $16.65.

According to TipRanks.com, Hargreaves is a top 100 analyst with an average return of 25.2% and a 70.4% success rate. Hargreaves covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, MSG Networks Inc, and Scripps Networks.

Currently, the analyst consensus on Twitter is Hold and the average price target is $15.89, representing a -4.6% downside.

In a report issued on August 15, SunTrust Robinson also initiated coverage with a Hold rating on the stock with a $16 price target.
Adobe (NASDAQ: ADBE)

KeyBanc analyst Brent Bracelin reiterated a Buy rating on Adobe (NASDAQ: ADBE) on August 24 and set a price target of $174. The company’s shares closed yesterday at $151.45, close to its 52-week high of $153.

According to TipRanks.com, Bracelin is a 5-star analyst with an average return of 10.2% and a 67.8% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

Currently, the analyst consensus on Adobe is Moderate Buy and the average price target is $158, representing a 4.3% upside.

In a report issued on August 22, BMO Capital also reiterated a Buy rating on the stock with a $165 price target.

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