Adobe’s (ADBE) Turnaround Story Gains Shape, but Stifel Still Sees Uncertainty
Adobe Inc. (NASDAQ:ADBE) is one of the Trending AI Stocks on Wall Street. On December 9, Stifel reduced its price target on the stock to 480.00 while maintaining a “Buy” rating. The price target cut comes ahead of the company’s fiscal fourth-quarter 2025 results, scheduled for release on December 10. The firm noted that even though Adobe has been strengthening its presence in generative AI over the past year, particuarly through its MAX event in October, a key overhang is the likelihood tha ...