Adobe’s stock has struggled, down over 20% for 2025. However, the company just reported record quarterly revenue thanks to artificial intelligence gains, beating analyst estimates. CEO Shantanu Narayen says AI has already surpassed revenue goals. Adobe raised its outlook for full-year adjusted earnings and revenue.

Wall Street is optimistic about Adobe’s future, with most analysts giving “buy” ratings. Shares are currently below $351, but the mean price target is above $461, representing over a 30% premium. Despite recent highs above $600 in February 2024, there is cautious optimism about the stock’s potential.

Read more at Yahoo Finance: Adobe Says AI Sales Are Coming in Strong. But Will It Lift the Stock?