Goldman Sachs Reiterates Buy on Adobe (ADBE) With $570 PT, Citing AI Momentum

Adobe Inc. (NASDAQ:ADBE) is one of the Trending AI Stocks on Wall Street. On September 12, Goldman Sachs analyst Kash Rangan reiterated a Buy rating on the stock with a $570.00 price target. Adobe shares rose after hours on strong revenue, margin, and cash flow results coupled with modest revenue guidance. While investors have been questioning the durability of double-digit growth for Adobe, analysts believe that AI is a key driver that can invigorate Digital Media ARR. They noted that AI-first ARR has a ...