Barclays analyst Saket Kalia maintains $Adobe (ADBE.US)$ with a buy rating, and adjusts the target price from $645 to $567.
According to TipRanks data, the analyst has a success rate of 61.0% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Adobe (ADBE.US)$'s main analysts recently are as follows:
Looking ahead to 2025, certain software companies could benefit from an improving backdrop, engagements in artificial intelligence opportunities, and possible margin expansions. These companies are positioned within the security, design, and vertical-specific software sectors.
Recent industry observations suggest that the latter half of 2024, as well as specific AI-generated promotional activities like those from prominent brands, could serve as significant milestones for the wider acceptance of AI-generated content. Although Adobe did not furnish AI tools for some noted advertising campaigns, it remains actively involved in the competitive creative AI market. Moreover, Adobe's core creative suite was employed for essential final editing and post-production tasks in these instances.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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