BofA analyst Brad Sills raised the firm’s price target on Adobe (ADBE) to $475 from $424 and keeps a Buy rating on the shares. Q2 results and outlook reflect “solid execution in a sluggish software demand backdrop,” says the analyst, who adds that Adobe’s AI optionality is “very much intact.” A raised FY26 outlook is “a break from this reporting season, with most software companies opting not to flow through upside to the full year,” which suggests a more resilient, diversified business as well as good execution on growth initiatives, the analyst added in a post-earnings note.
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Read More on ADBE:
- Adobe price target raised to $500 from $450 at DA Davidson
- Adobe’s Strong Q2 Performance and AI-Driven Growth Justify Buy Rating and Increased Price Target
- Adobe’s Strong Q2 Performance and AI Prospects Amid Growth Deceleration
- Adobe guidance ‘unlikely to pull investors off the sidelines,’ says Evercore ISI
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