BMO Capital Markets analyst Keith Bachman reiterated the Outperform rating on Adobe Inc. (NASDAQ: ADBE), with a price target of $645.
The analyst believes that Creative Cloud's competitive differentiation and growth opportunities, helped by generative AI capabilities, will be the focus at the MAX conference and analyst event.
The analyst also expects discussions on Document Cloud and Experience Cloud, which should highlight future growth opportunities, including the positive impact of generative AI.
Adobe remains reasonably valued, and shares deserve to trade at a premium to peers over ...