Adobe (ADBE) Reaffirms AI Leadership With Strong Revenue and Cash Flow, Piper Sandler Reaffirms Outperform Rating

Group 1 - Adobe Inc. ranks among the best AI stocks to buy, with Piper Sandler reaffirming its Overweight rating and $470 price target following the company's fiscal year 2025 results [1] - The company reported a revenue beat of $94 million, surpassing the previous four-quarter average record of $77 million [1] - Adobe anticipates fiscal first-quarter revenue between $6.25 billion and $6.3 billion, exceeding Wall Street projections of $6.23 billion [2] Group 2 - For the full fiscal year, Adobe expects revenue to be around $25.9 billion to $26.1 billion, slightly above analysts' projections of $25.89 billion [2] - The company is targeting a record $2.6 billion in net new Digital Media ARR for fiscal year 2026 [3] - Adobe's AI operations have gained significant traction, with AI credit consumption increasing threefold quarter-over-quarter, and AI-influenced annual recurring revenue exceeding $8 billion [3] Group 3 - Adobe specializes in creating, publishing, and promoting digital content, offering tools like Photoshop, Illustrator, Acrobat, and Premiere Pro, often bundled in the Adobe Creative Cloud subscription [4]