Wall Street Maintains a Positive Outlook on ​Adobe Inc. (ADBE)

​Adobe Inc. (NASDAQ:ADBE) is one of the Best Software Stocks to Buy According to Wall Street Analysts. Adobe Inc. (NASDAQ:ADBE) is trading close to its 52-week lows. However, Wall Street maintains a positive sentiment, with analysts’ 12-month price targets reflecting more than 40% upside from the current levels.

​Recently, on January 26, Karl Keirstead from UBS reiterated a Hold rating on the stock and lowered the price target from $375 to $340. Earlier, on January 12, Gabriela Borges from Goldman Sachs downgraded the stock to a Sell rating from Buy and maintained a price target of $290.

​Analysts at Goldman Sachs noted relatively weaker growth metrics as one of the main reasons behind the undervalued PEG ratio. The firm noted that Adobe Inc. (NASDAQ:ADBE) projects around 10% revenue growth over the next 12 months, which lags behind its peers with 11% growth expectations. Moreover, the next 12 months’ EPS growth of 10% also trails behind the 18% growth expectations from its peers. The firm noted that this places the company in the bottom quartile for PEG valuation. On the bright side, fiscal 2026 EPS is forecasted at $22.69, signaling sustained profitability.

​Adobe Inc. (NASDAQ:ADBE) is a global leader in digital media and digital marketing solutions. It provides creator tools and services to individuals, teams, and enterprises to create, publish, and promote content.

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.