Adobe starts roll-out of AI video tools, challenging OpenAI and Meta
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DA Davidson Reiterates Buy Rating on Adobe (ADBE)
October 15, 2024 8:11 AM EDTDA Davidson analyst Gil Luria reiterated a Buy rating and $685.00 price target on Adobe (NASDAQ: ADBE).
The analyst comments "Yesterday we attended Adobe Max and associated investor Q&A to get an update on the business and discuss a number of product announcements... More
RBC Capital Reiterates Outperform Rating on Adobe (ADBE)
October 15, 2024 6:28 AM EDTRBC Capital analyst Alex Zukin reiterated an Outperform rating and $610.00 price target on Adobe (NASDAQ: ADBE)
The analyst comments "We attended Adobe Max where management showcased their latest innovations around Firefly Video, currently in beta, along with enhancements across the product suite.... More
Goldman Sachs Reiterates Buy Rating on Adobe (ADBE)
October 15, 2024 5:54 AM EDTGoldman Sachs analyst Kash Rangan reiterated a Buy rating and $640.00 price target on Adobe (NASDAQ: ADBE).
The analyst comments "We reiterate our Buy rating and $640 Price Target after attending Adobe MAX 2024. We leave the conference increasingly confident in Adobe's ability to rapidly innovate and deliver meaningful productivity boosts to users, thus driving long-term sustainable user growth, higher retention, and pricing leverage. As demand for content increases exponentially, with a projected 5x... More
Citi Reiterates Neutral Rating on Adobe (ADBE)
October 15, 2024 5:38 AM EDTCiti analyst Tyler Radke reiterated a Neutral rating and $616.00 price target on Adobe (NASDAQ: ADBE).
The analyst comments "Adobe kicked off Day 1 of the Max 2024 User Conference with several Creative Cloud new product announcements. This included the beta release of the much-anticipated Firefly... More
