Mizuho Securities Reiterates Buy Rating on Adobe (ADBE) Ahead of Q4 Results With $450 PT

With significant hedge fund interest and upside potential, Adobe Inc. (NASDAQ:ADBE) secures a spot on our list of the 15 best AI stocks to watch in December 2025.

On December 9, 2025, Adobe Inc. (NASDAQ:ADBE) saw Mizuho Securities’ Gregg Moskowitz reiterate a “Buy” rating with a $450 price target.

Mizuho Securities Reiterates “Buy” Rating on Adobe (ADBE) Ahead of Q4 2025 Results With $450 PT

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Meanwhile, on the previous day, TD Cowen’s Derrick Wood reaffirmed a “Hold” rating on Adobe Inc. (NASDAQ:ADBE) with a $420 price target. Maintaining a cautiously balanced outlook, the analyst expects growth deceleration in 2026, consistent with broader market expectations. However, Wood believes the company’s upcoming Q4 results will remain steady. The company is scheduled to release its Q4 results after market close on December 10.

The analyst believes competitive pressures are rising, even though Adobe Inc. (NASDAQ:ADBE) continues to see growing demand for its AI-driven products. Furthermore, the analyst highlighted a lack of sufficient financial disclosures and fresh long-term targets. As a result, investor concerns continue to rise amid uncertainty, despite strong Q3 results and encouraging partner feedback. Wood predicts the stock will remain range-bound until clarity on how AI will reshape the company’s long-term business model emerges.

Nevertheless, Adobe Inc. (NASDAQ:ADBE) remains robust from a strategic perspective.

On November 19, 2025, the company announced a $1.9 billion all-cash deal to acquire Semrush. With this acquisition, the company plans to expand its footprint in brand visibility, Generative Engine Optimization (GEO), and Search Engine Optimization (SEO). These tools are becoming increasingly crucial as consumers shift to LLM-based search platforms.

Moreover, on the same day, Adobe Inc. (NASDAQ:ADBE) partnered with HUMAIN, a Saudi-based AI powerhouse. With this partnership, the company aims to develop culturally rooted multimodal generative AI models. This collaboration also strengthens the company’s global AI ambitions and anchors its commitment to the fast-growing Middle Eastern digital ecosystem.

Adobe Inc. (NASDAQ:ADBE) delivers creative, document, and digital-experience software globally. It provides cloud-based tools helping individuals and enterprises create, manage, and optimize content and customer experiences across platforms.

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.