DA Davidson analyst Gil Luria keeps a Neutral rating and $350 price target due to the FIGMA acquisition uncertainty. The analyst states however that the firm is "incrementally positive" on Adobe’s progress in its long-term platform vision and views generative AI as a catalyst for interconnecting the different applications within the ecosystem after attending the company’s Adobe Summit this week and speaking with its management, customers, and partners on recent product innovations.
Published first on TheFly
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