Mizuho Securities analyst Gregg Moskowitz has reiterated their bullish stance on ADBE stock, giving a Buy rating today.
Gregg Moskowitz has given his Buy rating due to a combination of factors, including Adobe’s recent innovations in Generative AI, which are expected to be monetized incrementally. The company has introduced several advancements in its Experience Cloud products, particularly focusing on AI agents that are anticipated to be generally available soon, potentially boosting revenue.
Furthermore, Adobe’s management has expressed confidence in achieving double-digit revenue growth over multiple years, surpassing consensus expectations. The stock’s valuation is also considered attractive, trading at a significant discount compared to the median of its enterprise software peers. These elements contribute to the reaffirmation of the Outperform rating and a price target of $575.
In another report released today, Barclays also maintained a Buy rating on the stock with a $567.00 price target.
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