ADBE Adobe Inc

Adobe Inc. (ADBE) is currently at $255.90, up $17.89, or 7.52%

-- Would be highest close since Oct. 5, 2018 when it closed at $263.22

-- On pace for largest percent increase since Oct. 19, 2017 when it rose 12.24%

-- Earlier Tuesday, Barclays raised Adobe's price target to $304.00/share from $297.00/share, Benzinga reported

-- On Monday, the company said it now sees a better financial opportunity and released targets for fiscal 2019 that were roughly in line with Wall Street expectations. The company expects total revenue to increase by about 20% in fiscal 2019. Analysts surveyed by FactSet and Refinitiv project about 19.4%

-- The company hosted analysts at the Adobe MAX Creativity Conference. KeyBanc analysts say they were impressed by the slew of updates Adobe is introducing in its strongest growth segment: Creative Cloud

-- Currently up three of the past four days

-- Up 46.03% year-to-date

-- Traded as high as $257.36

-- Up 8.13% at today's intraday high; largest intraday percent increase since Oct. 19, 2017 when it rose as much as 12.52%

-- Best performer in the S&P 500 today

-- Best performer in the Nasdaq 100 today

All data as of 10:59:28 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 16, 2018 11:29 ET (15:29 GMT)

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