BMO Stays Outperform on Adobe (ADBE) Despite Competitive AI Pressures

Adobe Inc. (NASDAQ:ADBE) is one of the AI Stocks in the Spotlight for Investors. On December 15, BMO Capital lowered its price target on the stock to $400 from $405 while maintaining an “Outperform” rating. The firm remains cautiously positive on the stock despite robust Q4 FY2025 results, citing competitive pressure in lower-end and AI segments. Adobe reported upside in both net new Annual Recurring Revenue (ARR) and total revenues, showcasing robust performance against low market expectations. It also ...