Adobe Analysts Highlight AI Growth, Demand Trends: 'Could Mark An Inflection' In Investor Perception
1. Adobe beat revenue and EPS estimates in the first quarter. 2. Analysts highlighted AI products' momentum, projecting a $4 billion opportunity. 3. Goldman Sachs maintained a Buy rating, with a $640 price target. 4. Piper Sandler noted an 11% ARR guide for Digital Media. 5. Adobe stock is down 11.2% recently, amid broader market decline.