Barclays reiterated an Overweight rating and $567 price target on Adobe (ADBE) after the company introduced its public video beta through new tiered offerings Firefly Standard and Firefly Pro. Since this is early access pricing, we could soon see the credits per video be increased, the analyst tells investors in a research note, adding that the announcement is a “step in the right direction.” The firm noted that Firefly can now be monetized as part of a Creative Cloud subscription, and while it’s early to say how much this could contribute, it could help improve sentiment on this name.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Adobe releases new Firefly app with genAI offerings
- Adobe (ADBE) Unveils New AI Video Tool to Compete Directly with OpenAI
- David Tepper’s Appaloosa buys Corning, exits Adobe in Q4
- Adobe debuts intelligent contract capabilities in Acrobat AI Assistant
- Cloudflare launches feature for verication of online images