Tag Archives: adbe

Adobe Stock Gets Price-Target Hike But Seen As Fairly Valued

Digital media software firm Adobe Systems ( ADBE ) received a price-target hike Thursday from Credit Suisse, though the investment bank sees the stock as fairly valued at current levels. Credit Suisse analyst Michael Nemeroff gave Adobe a neutral rating and price target of 105, up from 85. Adobe stock was up a fraction near 96.50 in afternoon trading on the stock market today . The provider of cloud-based media and marketing software hit a record high of 98 on March 18. It sports a good IBD Relative Strength Rating of 84, putting it among the top 16% of all stocks in performance the past 12 months. IBD Take: Is Adobe a buy, hold or sell right now? Take a free trial of IBD Leaderboard to find out Adobe’s stock appreciation reflects its positive financial momentum and the benefits of its successful business model transition to the Internet cloud, Nemeroff said in a research note. Adobe’s “premium valuation is already pricing in much of the good news, and (we) see a lack of near-term catalysts that would justify further multiple expansion above current levels,” he said in a report. Adobe has multiple growth drivers, Nemeroff said. They include its growing Creative Cloud and Marketing Cloud businesses, he said. Image provided by Shutterstock . RELATED: Adobe Systems Transition Earns Price-Target Hike From FBR Adobe Driving Third Wave Of Enterprise Software Disruption .

Adobe Systems Transition Earns Price-Target Hike From FBR

With its stock trading within shouting distance of its all-time high, Adobe Systems ( ADBE ) earned a price-target hike on Tuesday from investment bank FBR Capital Markets. Adobe stock was up a fraction to above 93 in midday trading on the stock market today . The provider of cloud-based media and marketing software hit a record high of 98 on March 18. It sports a good IBD Relative Strength Rating of 85, putting it among the top 15% of all stocks in performance the past 12 months. FBR analyst Samad Samana raised his price target on Adobe stock to 115 from 110 and reiterated his market perform rating. He predicts Adobe will see 20%-plus revenue growth and 30%-plus EPS growth for the next two years. Adobe has shifted its business from perpetual license software to software-as-a-service delivered over the Internet. “We believe the transition to a subscription model has yielded a more attractive business model,” Samana said. “We expect this to be reflected in fiscal 2016 and beyond.” Adobe has three cloud computing businesses: Creative Cloud, Marketing Cloud and Document Cloud. The biggest is Creative Cloud, which includes software for creative professionals such as Photoshop, Illustrator and InDesign. Marketing Cloud provides online marketing and advertising services. Document Cloud leverages Adobe’s popular online document-sharing product Acrobat and its ubiquitous PDF format. The company’s Creative Cloud business earns most of the attention, but its Marketing Cloud is maturing at the right time, Samana said. “Digital marketing is at or near the top of the priority list for enterprises, and Adobe appears well positioned to help companies transform their businesses to be more engaging with end customers,” he said in a research report. Adobe should be able to continue posting healthy growth in the digital marketing business despite competition from Alphabet ( GOOGL ), Oracle ( ORCL ), Salesforce.com ( CRM ) and others, he said. RELATED: Adobe Driving Third Wave Of Enterprise Software Disruption

Twitter Adds New Technology To Bring Images To Visually Impaired

Twitter ( TWTR ) said people using Apple ‘s ( AAPL ) iOS or  Alphabet ‘s ( GOOGL ) Google Android can now add descriptions to images in tweets, a benefit to the visually impaired. The update allowing descriptions — also known as alternative text — empowers “ everyone to ensure content shared on Twitter is accessible to the widest possible audience,” said Twitter engineer Todd Kloots in a blog post Tuesday. . “Photos have been at the center of some of the biggest moments on Twitter,” said Kloots. “ As a core part of the Twitter experience, it’s important that images shared on our platform are accessible to everyone, including those who are visually impaired.” People can use the feature  via the “compose image descriptions” option in the Twitter app’s accessibility setting. When an image is added to a tweet, the user can tap the “add description” button and insert a description of up to 420 characters to the image. Visually impaired people will have access to the description by using assistive technology, such as screen readers and braille displays, Twitter said. Smartphones have other accessibility features, including VoiceOver, the iPhone’s built-in gesture-based app that reads text on a touchscreen aloud, and Google Android’s TalkBack, through which visually impaired users can access anything on their phones. Voice Activation Usage Still Low Voice-activated services, including Apple’s Siri, Amazon.com ‘s ( AMZN ) Alexa, Alphabet’s Google Now, Microsoft ‘s ( MSFT ) Cortana and others, can assist all consumers, including the visually disabled, as people increasingly rely on mobile phones for shopping, communicating and information. But surveys have found those voice-activated services aren’t getting much use. Just 13% of U.S. mobile phone owners use a voice-controlled personal assistant on their device each day, according to a survey last June from 451 Research. The Americans with Disabilities Act requires websites and mobile applications to be accessible. Google announced its Google Impact Challenge: Disabilities last year with a $20 million grant for technology innovators in the nonprofit community who work on technology to make people with disabilities more independent. In addition to Twitter and Microsoft, Adobe Systems ( ADBE ), Dropbox, LinkedIn ( LNKD ), Yahoo ( YHOO ), Facebook ( FB ), Intuit ( INTU ) and others have jointly asked universities  to train computer students in accessibility software design and are requiring new hires to demonstrate some familiarity with it, according to the Mercury News. Besides facing competition from rivals such as Facebook, Twitter is struggling to expand its user base as its user growth has slowed. Twitter has launched programs to reel in “logged out” users who visit Twitter’s site but don’t have accounts of their own, making them less coveted by advertisers. Twitter stock was up 2% in afternoon trading in the stock market today , near 16. Image provided by Shutterstock .