Adobe Inc. (NASDAQ:ADBE) is among the 14 Best Cloud Computing Stocks to Buy Right Now.
On February 13, HSBC reduced its price objective on the company’s stock to $302 from $388, while keeping a “Hold” rating, as reported by The Fly. As per the firm, there are competitive risks for Adobe Inc. from the AI-powered tools, which threaten to commoditize its core creative franchise.
In a separate release, Piper Sandler downgraded Adobe Inc.’s stock to “Neutral” from “Overweight” with a price objective of $330, down from the prior target of $470. Notably, the firm believes that the seat-compression as well as vibe coding narratives might limit the multiple.
Earlier, Gabriela Borges from Goldman Sachs downgraded the company’s stock from “Buy” to “Sell” with a price objective of $290. Notably, the firm highlighted the concerns related to the potential scenarios in which Adobe Inc.’s EPS growth might witness further pressure.
Adobe Inc. operates as a technology company. The company’s customers use its integrated Creative Cloud, Document Cloud, and Experience Cloud solutions.
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