From Yahoo Finance: 2025-06-11 11:25:00

UBS analyst Karl Keirstead reiterated a Neutral rating on Adobe (ADBE) and raised the target price to $430 from $380. Keirstead anticipates Adobe’s Q2 earnings report on June 12, 2025, and believes recent pricing revisions could aid the company in achieving its 11% annual recurring revenue (ARR) growth goal for FY2025.

Despite concerns about AI disruption, Keirstead’s analysis suggests Adobe has an improved chance of reaching its ARR growth guidance. This positive outlook may help reduce short-term downside risk for ADBE stock, according to the analyst.

A team of engineers and scientists are seen collaborating at a workstation, surrounded by various applications and solutions. The analyst report reflects cautious optimism about Adobe’s performance amidst present challenges, with the updated price target providing investors a new benchmark ahead of the earnings report.

Adobe Inc. (ADBE), a leading global software company, operates in Digital Media, Digital Experience, and Publishing segments, delivering comprehensive content creation and customer experience solutions. The company’s diverse portfolio caters to various industries and sectors worldwide.

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