Is Adobe (ADBE) One of the Best Bargain Stocks to Buy in June?

Adobe Inc. (NASDAQ:ADBE) is one of the Best Bargain Stocks to Buy in June. On 12 June, RBC Capital analyst Matthew Swanson reduced the firm’s price objective on the company’s stock to $285 from $350 and maintained an “Outperform” rating. This reduction in the target price comes after Adobe Inc. (NASDAQ:ADBE)’s Q2 results and the announcement that its CFO Dan Durn is leaving.

Is Adobe (ADBE) One of the Best Bargain Stocks to Buy in June?

Notably, in Q2 2026, the company saw record revenue of $6.62 billion, demonstrating robust AI-driven demand throughout its customer groups. Also, it raised its FY 2026 revenue and non-GAAP EPS targets. For FY 2026, it anticipates total revenue of between $26.50 billion – $26.60 billion. Exiting the quarter, the company’s RPO came in at $22.27 billion, and cRPO stood at 67%.

The firm noted that Adobe Inc. (NASDAQ:ADBE)’s AI-first ARR grew three times YoY to over $500 million. However, it added that reduced estimates and peer multiple contraction are the reasons for the reduction in price objective.

Adobe Inc. (NASDAQ:ADBE) is a provider of multimedia and digital marketing software.

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