Reported about 8 hours ago
Bernstein SocGen Group has raised its price target for Adobe Inc. (ADBE) to $530 from $525, maintaining an 'Outperform' rating based on the company's promising prospects in artificial intelligence. They anticipate 10% revenue growth, improved margins, and significant earnings per share growth due to stock buybacks. Despite their optimism, Bernstein is cautious and seeks further clarity on Adobe's AI monetization strategy.
Source: YAHOO