DA Davidson keeps a Buy rating and $500 price target on Adobe (ADBE) after meeting with its management team. The firm has come away incrementally more positive about the company’s commercially safe approach to digital content generation, disciplined expense management, and top line resiliency, the analyst tells investors in a research note. The firm views Adobe as a long-term AI-winner with the current price representing an attractive entry point for a category leader with best in class margins.
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