Barclays Reiterates Buy Rating on Adobe (ADBE)
On May 16, Barclays analyst Saket Kalia reiterated a Buy rating on Adobe Inc. (NASDAQ:ADBE) with a $567 price target as the company is set to introduce its new pricing tiers for its Creative Cloud offerings.
The analyst sees Adobe's strategic price adjustments to positively impact its revenue streams, which are already factored into the company's FY2025 ARR guidance.
The analyst cited that the new price for Adobe's Pro tier offers a 17-18% increase, while the Standard tier represents an 8-9% discount. Adobe has been highlighting these price adjustments for some time now, however, this development aligns with the company's broader strategy to improve its product offerings, cited Kalia. The products with new prices will be available from June 17, as this move is expected to strengthen Adobe's market position and accelerate future growth.
Adobe Inc. (NASDAQ:ADBE) is a technology company that offers 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.
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