Adobe Inc. (ADBE) Released Its Premiere Video Editing Software for iPhone; Morgan Stanley Reduces PT to $450

With significant hedge fund interest and return on equity, Adobe Inc. (NASDAQ:ADBE) secures a spot on our list of the 13 Safest Stocks to Invest in Now.

According to a press release from the company, Adobe Inc. (NASDAQ:ADBE) released its Premiere video editing software for iPhone on September 30. This app gives mobile producers free access to high-quality editing tools. The software has direct connectivity for YouTube, TikTok, and Instagram, multi-track timeline editing, 4K HDR compatibility, and AI-powered audio upgrades.

This launch comes after Morgan Stanley downgraded Adobe Inc. (NASDAQ:ADBE)’s price estimate to $450 from $520 on September 24 due to worries regarding generative AI monetization.

Furthermore, despite Adobe Inc. (NASDAQ:ADBE)’s impressive 89% gross profit margin, there is still doubt about its capacity to convert the adoption of GenAI into steady ARR growth. Sentiment is also impacted by competitive forces from Meta, Google, and other diffusion-based engines.

Nevertheless, the debut of iPhone Premiere shows Adobe Inc. (NASDAQ:ADBE)’s determination to strengthen its creative ecosystem across platforms and increase its mobile services.

Adobe Inc. (NASDAQ:ADBE) is a technology company that creates generative AI tools and creative software, offering data insights, individualized digital experiences, and content creation solutions to consumers and companies worldwide. It is one of the Safest Stocks To Buy.

While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.