Generative AI opportunity will help support double-digit revenue growth for years to come - DB

Deutsche Bank analyst Brad Zelnick reiterated a Buy rating on Adobe (NASDAQ: ADBE) as generative AI opportunities "will help support double-digit revenue growth for years to come and therefore reiterate our Buy rating."

"We believe generative AI will be a powerful tool in the belt of creative professionals, communicators, and consumers going forward, enabling Adobe to more deeply penetrate its existing TAM by making Adobe products not just essential to creative pros, but to further involve other stakeholders in the content-creation process. We could even see generative AI as a catalyst that truly unites Creative Cloud and Digital Experience, the creative and marketing systems of record, into one unified Content Supply Chain management platform, significantly advancing the thesis behind Adobe's 2009 Omniture acquisition, making Adobe an even more valuable partner to companies and brands than it is today.

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 $344.80 yesterday.

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