Stifel Analyst Parker Lane Maintains Buy Rating on Adobe (ADBE) After Earnings Beat

Adobe Inc. (NASDAQ:ADBE) is one of the AI Stocks Analysts Say You Should Watch Closely. On September 12, Stifel analyst Parker Lane reiterated a Buy rating on the stock with a $480.00 price target after the company posted better-than-expected quarterly results.

The firm cited several factors behind Adobe’s strong performance, particularly its artificial intelligence initiatives, pricing strategies, and encouraging metrics around net user additions.

It believes that Adobe has established a compelling case to serve as the “operating system for creative work” in the future.

AI proliferation and pricing benefits reflect continued subscription growth, while the MAX event in October is another opportunity to “improve what remains a negatively skewed sentiment.”

Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels

“Adobe beat Street estimates across the board and raised guidance, most notably the Digital Media ARR growth outlook, in line with our preview. Strength was attributed to a few factors, such as AI, where the company exceeded its year-end AI-first ARR target a quarter ahead of schedule (>$250mn), pricing, and encouraging metrics around net user additions despite L-T seat count fears. We believe management made a clear case why Adobe will serve as the operating system for creative work in the future, highlighting utilization of first and third-party models within Adobe apps. On top of stabilization/growth in the core business apparent through various metrics we highlight below, AI proliferation and pricing benefits set the company up for continued subscription growth in the near double-digits exiting the year and into 2026. MAX in October is another opportunity to improve what remains a negatively skewed sentiment. Maintain Buy and $480 TP.”

Adobe Inc. (NASDAQ:ADBE) is a software company that provides digital marketing and media solutions.

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