Recent reports of a slight security flaw in Acrobat Reader for non-Mac OS X Unix operating systems have levelled Adobe's stock price, offering a buying opportunity for thrifty investors, analysts claim.
Analysts from WR Hambrecht last night repeated that firm's "Buy" assessment on Adobe stock, setting a $36 12-month target price.
The analysts said recent reports of the security flaw has affected Adobe's stock price, and the effects may have "been overdone".
In related news, Adobe yesterday filed its Form 10Q quarterly report with the US Securities and Exchange Commission (SEC).
Adobe stock currently stands at $27.51.