Adobe Inc. (NASDAQ:ADBE) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now, with a one-year average share price target of $445.76, representing a 52% upside. Despite recent price target cuts, analysts remain optimistic about the stock’s potential in the near-term.

On January 26, UBS trimmed its price target on Adobe Inc. to $340 from $375, maintaining a Neutral rating. This adjustment followed Baird’s revision on January 14, when they lowered the price target to $350 from $410, also maintaining a Neutral rating.

Oppenheimer downgraded Adobe Inc. (NASDAQ:ADBE) to Perform from Outperform on January 13, citing reduced growth in Digital Media. The firm expected AI business momentum to drive growth, but the results fell short of expectations.

Although Oppenheimer analysts see opportunities for Adobe Inc. in the medium-term, they note a challenging operating environment that may hinder share price performance this year. They highlighted concerns about uninspiring top-line growth, inconsistent execution, and durability of the company’s moat.

Adobe Inc. (NASDAQ:ADBE) is a global technology company known for its web design tools, digital art, and content creation services, including Adobe Acrobat and Photoshop. Despite recent challenges, the stock is considered a Moderate Buy with significant upside potential.

While Adobe Inc. presents investment opportunities, some AI stocks may offer greater potential with lower downside risk. Investors seeking undervalued AI stocks should consider options that could benefit from current economic trends.

Read more at Yahoo Finance: Adobe Inc. (ADBE) a Moderate Buy, Analysts See 52% Upside