Goldman Sachs reiterated its Buy rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $570 following the company’s Q2 FY2025 results. Adobe achieved record revenue of $5.87 billion, reflecting 11% growth from the previous year. The Firefly app is growing rapidly, with first-time subscribers up 30% year-over-year. The company’s AI initiatives are expected to contribute almost $250 million to revenue in FY2025. Adobe offers AI features through its Digital Media, Digital Experience, and Publishing and Advertising segments. While ADBE shows potential, other AI stocks may offer greater upside and less downside risk.

Read more at Yahoo Finance: Goldman Sachs Reiterates its Buy Rating on Adobe, Keeps PT at $570