Keith Bachman, an analyst from BMO Capital, maintained the Buy rating on Adobe (ADBE – Research Report). The associated price target remains the same with $515.00.
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Keith Bachman has given his Buy rating due to a combination of factors including Adobe’s consistent performance and market leadership. Despite the current low investor expectations, Adobe has a history of surpassing its quarterly Digital Media net new ARR estimates over the past eight quarters. This track record suggests potential for Adobe to exceed consensus expectations even amid variability in estimates for the upcoming quarter.
Furthermore, Adobe’s strong position in its core product categories—Creative Cloud, Document Cloud, and Experience Cloud—reinforces its growth potential. The integration of AI and Adobe Express is anticipated to contribute positively to net new ARR and overall growth, supporting the Buy rating. Bachman maintains an Outperform rating, primarily based on valuation, and sees the upcoming quarterly report as a neutral event, with no changes to the target price.
According to TipRanks, Bachman is a 5-star analyst with an average return of 11.1% and a 57.29% success rate. Bachman covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Atlassian.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $550.00 price target.