RBC Capital analyst Matthew Swanson raised the firm’s price target on Adobe to $415 from $395 and keeps an Outperform rating on the shares. The discussion at the Adobe Summit highlighted the company’s efforts in bridging the gap between creative and experience while also featuring the introduction of Firefly, Adobe’s generative AI model, into beta, the analyst tells investors in a research note. The firm adds that it continues to view Adobe as well positioned in generative AI and believes that it should be a "catalyst to investor sentiment".
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