UBS Lifts PT on Adobe Inc. (ADBE) to $430, Maintains Neutral Rating

Adobe Inc. (NASDAQ:ADBE) is one of the best wide moat stocks to buy now. On June 9, UBS analyst Karl Keirstead reiterated a Neutral rating on ADBE and lifted the target price to $430 from $380. The analyst is looking forward to Adobe’s Q2 earnings report, which is set to be published on June 12, 2025.

Keirstead contemplated on the latest interactions with Adobe partners and assessed the impact of pricing revisions at the company. Regardless of a small drop in April activity, the macroeconomic effects were considered modest. The analyst added that Adobe’s recent price increase could improve the company’s chances of attaining its 11% annual recurring revenue (ARR) growth goal for FY2025.

The analysis by Keirstead suggested that although AI disruption is a potential concern for the industry, the chances of Adobe reaching its ARR growth guidance have increased. The analyst believes this will help reduce the short-term downside risk for ADBE stock.

UBS Lifts PT on Adobe Inc. (ADBE) to $430, Maintains Neutral Rating

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

The analyst’s report demonstrates a careful optimism about Adobe’s performance in light of the current challenges. The updated price target provides a new benchmark for investors ahead of the June 12 earnings reports.

Adobe Inc. (NASDAQ:ADBE) is a prominent global software company operating across Digital Media, Digital Experience, and Publishing segments, delivering end-to-end content creation and customer experience solutions.

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