DA Davidson Reiterates Buy Rating on Adobe (ADBE)

DA Davidson analyst Gil Luria reiterated a Buy rating and $500.00 price target on Adobe (NASDAQ: ADBE).

The analyst commented, "On Wednesday afternoon, we hosted Adobe's CFO, Dan Durn and Steven Day, CFO of the DX Business, for a fireside chat where we discussed the company's competitive positioning, the impact of AI, and the evolving growth formula. We came away incrementally more positive about the company's commercially safe approach to digital content generation, disciplined expense management, and top line resiliency. We continue to believe that, over the long term, Adobe is an AI-winner with the current price representing an attractive entry point for a category leader with best in class margins. We are reiterating our BUY rating and $500 PT (22x FY26 EPS)."

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $378.04 yesterday.

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