Morgan Stanley Remains Bullish on Adobe (ADBE)

Adobe, Inc. (NASDAQ:ADBE) is one of the best stocks to invest in for the long term. Morgan Stanley analyst Keith Weiss maintained a Buy rating on Adobe, Inc. (NASDAQ:ADBE) on August 1, setting a price target of $510.00.

Adobe Inc. (ADBE) Slips 10.45% Amid Doubts Over Firefly’s AI Monetization Potential

A team of engineers and scientists collaborating at a workstation surrounded by their applications and solutions.

The analyst based the optimistic rating on Adobe, Inc.’s (NASDAQ:ADBE) solid growth potential and strategic positioning, telling investors that the company’s management has excelled in developing a solid foundation to support sustainable growth in the rapidly evolving design and marketing technology sectors.

This includes expanding opportunities through the integration of content creation and content activation, and leveraging its strong position in the Creative Professionals market.

The analyst added that Adobe, Inc.’s (NASDAQ:ADBE) initiatives to leverage Adobe Express to penetrate the low-end market reflect potential due to widespread use of Adobe Acrobat as a gateway.

Adobe Inc. (NASDAQ:ADBE) is a US-based global technology company that offers services, products, and solutions to fuel digital and immersive experiences and imagine, manage, optimize, and engage with content across surfaces.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.