William Blair analyst Jake Roberge has maintained their bullish stance on ADBE stock, giving a Buy rating on October 22.
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Jake Roberge has given his Buy rating due to a combination of factors that highlight Adobe’s strategic positioning and growth potential. The recent announcements at Adobe Max, including new AI products and partnerships, have reinforced confidence in Adobe’s ability to drive user growth and establish itself as a central hub for creative AI models and workflows. The introduction of agentic AI capabilities in Photoshop and Express, alongside the launch of Firefly Image Model 5, demonstrates Adobe’s commitment to enhancing its product offerings and automating design processes.
Moreover, Adobe’s management has provided insights into its long-term growth drivers and AI strategy during the investor session, reiterating its fiscal 2025 guidance and outlining changes for fiscal 2026. The company’s focus on business professionals, consumers, and creative and marketing professionals, coupled with a strong uptake of Creative Cloud Pro, suggests a positive trajectory for Adobe’s monetization plans. These factors collectively contribute to a favorable outlook for Adobe, justifying the Buy rating.
In another report released on October 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $409.00 price target.