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Adobe Analyst Ratings
Adobe "exploded", the monetization of AI is a long way to go.
HSBC has lowered Adobe's Target Price from $536 to $510, implying a potential downside of about 7.26% from the current price, and maintains a 'Hold' rating. HSBC believes that the company is facing difficulties in effectively monetizing its AI capabilities, and the efforts made in AI have not resulted in revenue growth, potentially weakening its competitive advantage.
