Di galoma upgrade Adobe on Wednesday, said the move to online subscription business model, its popular package will help expand its user base.
Manufacturer of Photoshop, Illustrator, etc. Software designers, developers and other professionals, said in May, it will not release the new version of Creative Suite software package, it can run in the thousands of dollars. Instead, Adobe is the key to creative cloud, which makes it the software can be through the monthly begins at $50 a person, if they participated in at least one year.
Jefferies analyst Ross McMillan thinks it will help the Adobe to attract new users. He upgrade adobe from "hold" to "buy", and raised its price target from $45 to 5700.
Shares in Adobe systems inc., headquartered in SAN jose, in pre-market trading rose 68 cents, to $45.05.
Other News:
Ahead of the Bell: Adobe upgraded
China-U.S. ties under strain, but not imperiled by Snowden
Taliban attack presidential palace in Afghanistan
Snowden going to Ecuador to seek asylum
Hatred between Sunnis, Shiites abounds in Mideast
Questions turn to U.S. competence in Snowden saga
Lebanon faces tumult after deadliest Syria-related clashes
UK bomb experts called to check mosque