TripAdvisor (NASDAQ:TRIP): Piper Jaffray has raised its price target for TripAdvisor to $71 from $62, citing increased confidence in the growth opportunity around the company’s meta transition. The firm keeps an Overweight rating on the stock.
Adobe (NASDAQ:ADBE): New user growth and the company’s successful transition of point-product users has led Jefferies to upgrade Adobe to Buy from Hold, and raise its price target for shares to $57 from $45.
Rackspace (NYSE:RAX): Wells Fargo, citing improving trends in the managed hosting and cloud sector, has upgraded Rackspace to Outperform from Market Perform, and has raised its price target range for shares to $46-$49 from $40-$45.
Salesforce.com (NYSE:CRM): Salesforce’s deal with Oracle is incrememntally positive, according to Wunderlich. The firm added that the stock is highly attractive following the recent pullback, and recommends buying Salesforce shares aggressively at current levels. It reiterates a Buy rating on the name with a $65 price target.
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