Adobe Inc. (ADBE) has recently revealed over 100 new features for its Creative Cloud at the Adobe MAX 2024, powered by its AI model Firefly, causing Morgan Stanley to set a price target of $660. Alongside this, Goldman Sachs has highlighted Adobe as a stock with a high consensus ROE. Adobe's stock has had a slight fluctuation in the past weeks, including insider selling of around 1,530 shares pushing it down 1.5%, but also saw a 0.2% rise. Recent acquisitions of new shares by Net Worth Advisory Group, 85% ownership by institutional owners, and reaffirmed outperformance from the Royal Bank of Canada have reflected positive sentiment. Analysts are confident in the AI monetization from Adobe's MAX Creativity Conference, calling it a promising AI stock, and predicting opportunities to grow from a 'laggard' to a 'leader'. However, it's been noted that the monetization process will take time and soft fourth-quarter revenue guidance have led to stock falls. There continues to be speculation over whether to buy or sell Adobe stock with differing views from analysts, some citing its AI innovations and strong hedge fund support as high points while others highlight a dip in its stock as an opportunity to buy.
Adobe Stocks ADBE News Analytics from Tue, 28 May 2024 07:00:00 GMT to Sat, 19 Oct 2024 19:32:05 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -3
