Adobe, others join White House's voluntary commitments on AI

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Adobe Systems' (ADBE) longer-term AI opportunity gives BMO Capital analyst confidence in the stock

September 12, 2023 7:54 AM EDT

BMO Capital is positive on Adobe Systems' (NASDAQ: ADBE) longer-term AI opportunity and raised its price target for the stock to $640 from $600 in a note Tuesday.

The firm remains confident that generative AI can help Adobe grow net new ARR over the next... More