Deutsche Bank Pounds the Table on Adobe (ADBE), Likes the Bull Story into Earnings, 'our partner checks reflect a stable demand environment'
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Adobe (ADBE) PT Lowered to $628 at Citi
March 11, 2024 9:10 AM EDTCiti analyst Tyler Radke lowered the price target on Adobe (NASDAQ: ADBE) to $628.00 (from $632.00) while maintaining a Neutral rating.
The analyst comments "We expect a solid FQ1 for Adobe amid steady new user acquisition, upsells, and ~$70M in price increase tailwinds.... More
IBM says use of Adobe AI tools in marketing boosted productivity
March 6, 2024 9:04 AM ESTBy Stephen Nellis
(Reuters) - International Business Machines on Wednesday said that its initial testing of generative artificial intelligence (AI) tools from Adobe has resulted in productivity improvements.
IBM said it was using Adobe's tools, which can generate images from text-based prompts, to help with marketing campaigns. It is an early test of Adobe's strategy to create AI systems trained on its own proprietary data with legal guarantees against lawsuits, a strategy that Adobe hopes will lure in large businesses.
Billy Seabrook, the... More
