Adobe stock rises 3% after analysts support price hike move, positive.

From Yahoo Finance: 2025-05-19 06:12:00

Adobe Inc. (NASDAQ: ADBE) shares rose 3% after Jefferies maintained a Buy rating with a $590 price target following a price increase announcement for Creative Cloud All Apps plans, effective June 17. Analyst Brent Thill expressed confidence in Adobe’s financial outlook.

Adobe Inc. is known for its digital media solutions like Creative Cloud, crucial for creatives worldwide. Analysts say the new price tiers shouldn’t be surprising. The price increase is expected to support Adobe’s revenue forecast for fiscal year 2025 with a growth rate of 8.9% midway, compared to 10.8% in 2024.

Analysts see potential in ADBE’s growth but believe other AI stocks offer higher returns with less risk. For a promising AI stock with 100x upside potential, check out the report on the cheapest AI stock. Check out the 11 Best Performing Cybersecurity Stocks and 11 Best Predictive Analytics Stocks for more investment options.

Investors are advised to consider alternatives to ADBE for potentially higher returns in the AI sector. The company’s price increase for Creative Cloud All Apps plans is seen as a positive move to boost revenue and strengthen its position in the AI market.



Read more at Yahoo Finance: Adobe (ADBE) Stock Rises As Analysts Back Price Hike Move