In a report released today, Mark Moerdler from Bernstein maintained a Buy rating on Adobe (ADBE – Research Report), with a price target of $525.00.
Mark Moerdler has given his Buy rating due to a combination of factors, including Adobe’s strong performance in the first quarter of 2025, where the company exceeded consensus expectations and provided guidance that aligns with market predictions. Additionally, Adobe’s advancements in artificial intelligence, particularly the revenue generated from new AI products, indicate promising growth potential, with expectations for this revenue to double by the end of the year.
However, despite these positive indicators, there are concerns about Adobe’s transparency in reporting, as recent changes have made it challenging for investors to track long-term trends. While these reporting adjustments have created some uncertainty, the consistent outperformance of estimates and the potential for Adobe to be a leader in AI within the enterprise sector support the Buy rating. The price target has been adjusted to reflect near-term growth uncertainties and broader market conditions, but the overall outlook remains optimistic.
Moerdler covers the Technology sector, focusing on stocks such as Microsoft, Workday, and Oracle. According to TipRanks, Moerdler has an average return of 18.1% and a 72.11% success rate on recommended stocks.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $650.00 price target.
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