BMO Capital analyst Keith Bachman has maintained their bullish stance on ADBE stock, giving a Buy rating today.
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Keith Bachman has given his Buy rating due to a combination of factors including Adobe’s strong financial performance and strategic positioning. Adobe has shown solid results by raising its fiscal year 2026 annual recurring revenue (ARR) guidance and demonstrating potential for year-over-year growth in net new ARR for the upcoming quarter. This is supported by a significant increase in net new Digital Media ARR, which exceeded expectations and contributed to an overall revenue beat.
Furthermore, Adobe’s leadership in its core product categories—Creative Cloud, Document Cloud, and Experience Cloud—positions it well for continued growth. The company’s focus on AI and Adobe Express is expected to further enhance ARR and drive growth. Despite some concerns about sustaining long-term growth, the valuation remains attractive, justifying the Outperform rating, although the target price has been adjusted to $405.
In another report released today, Goldman Sachs also reiterated a Buy rating on the stock with a $570.00 price target.
ADBE’s price has also changed moderately for the past six months – from $433.660 to $350.550, which is a -19.16% drop .