BMO Capital Markets analyst Keith Bachman reiterated the Outperform rating on Adobe Inc. (NASDAQ: ADBE), with a price target of $645.00.
The analyst highlights ADBE as his top pick, highlighting the generative AI era that has created a new growth potential for Adobe across its clouds. Over the near term, Bachman believes Adobe will focus more on new user adds and up-sell into the Creative Cloud and less on leveraging pricing, though all areas can help drive sustainable long-term growth.
Adobe offers freemium products for Adobe Firefly, Adobe Express, mobile apps, Acrobat Web, and Acrobat Reader, the ...