Adobe Inc. (NASDAQ:ADBE) is a cheap S&P 500 stock to invest in now, with Goldman Sachs giving it a Sell rating and $290 price target. The firm cautioned that high-end user growth is slowing as competition heats up in the lower market segment, posing challenges for Adobe in 2026.

In 2025, Adobe reported total annual revenue of $23.77 billion, up 11% year-over-year, with a non-GAAP EPS of $20.94, a 14% increase. Q4 revenue hit $6.19 billion, a 10% rise YoY, driven by a 3x increase in generative credit consumption and new AI-driven products like Firefly and Acrobat AI Assistant.

Adobe has formed key partnerships with tech giants like AWS, Azure, Google, and Microsoft, expanding its AI ecosystem. New products like Firefly and GenStudio are boosting content production efficiency, while the pending acquisition of Semrush for $1.9 billion aims to enhance brand visibility and GEO.

Strategic partnerships with HUMAIN for GenAI models and AI-powered apps position Adobe Inc. (NASDAQ:ADBE) as a global technology leader. The company’s focus on AI innovation and expansion is driving growth and market leadership in the tech sector.

Read more at Yahoo Finance: Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT