Bernstein Hikes Adobe (ADBE) Price Target to $530 on AI Prospects

Adobe Inc. (NASDAQ:ADBE) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and hiked the price target to $530 from $525.

Bernstein SocGen Group remains bullish about Adobe’s outlook owing to its potential to deliver 10% revenue growth in the near term. The firm also touted the company’s improving margins and significant stock buybacks, which are expected to trigger mid-teens earnings per share growth. In addition, the research firm expects the company to benefit from the acceleration of artificial intelligence.

According to Bernstein, Adobe has evolved from a ‘show me a story’ to an ‘explain to me and show me a story.’ Consequently, it views the company as an AI winner in the enterprise. Nevertheless, the research firm remains cautious, awaiting clarity on its AI monetization strategy and go-to-market initiatives.

Adobe Inc. (NASDAQ:ADBE) is a global technology company operating across Digital Media, Digital Experience, and Publishing & Advertising. Its Creative Cloud offers tools for content creation, while Document Cloud supports digital workflows.

While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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