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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Infosys, Adobe partner to utilize AI for marketing life cycle
- Adobe’s Strategic Positioning and Strong Financial Performance Drive Positive Outlook
- Adobe’s Strong Financial Performance and AI-Driven Growth Justify Buy Rating
- Adobe price target lowered to $450 from $465 at Citi
- Adobe price target lowered to $500 from $600 at Argus
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue