RBC Capital analyst Matthew Swanson keeps an Outperform rating and $530 price target on Adobe (ADBE) after attending the Adobe Summit event and analyst day. The management built on themes from earnings bringing additional color to its GenAI monetization as well as traction they’ve seen within their new subscription revenue metrics, the analyst tells investors in a research note. Adobe’s product announcements continue to cement the bridge between the Creative and Experience clouds, the firm adds.
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