- Adobe launches its generative AI app, Firefly, enhancing creative mobile tools.
- Analysts forecast a 28.61% upside based on current price estimates for Adobe.
- Adobe receives an "Outperform" rating, reflecting strong future growth potential.
Adobe Inc. (ADBE, Financial) has made a significant leap forward with the launch of its generative AI app, Firefly, now available on both iOS and Android platforms. This powerful tool forms a part of Adobe's Creative Cloud, and for a subscription fee of $10 per month, it seamlessly integrates Adobe's proprietary AI models alongside those from industry leaders like OpenAI and Google. This development significantly enhances the creative capabilities available to mobile users, offering a comprehensive and cutting-edge toolkit.
Wall Street Analysts' Forecasts for Adobe
An analysis of projections from 33 analysts suggests a promising one-year average target price of $501.25 for Adobe Inc. (ADBE, Financial). With a high estimate reaching $660.00 and a low at $380.00, the average target price indicates a potential upside of 28.61% from the current trading price of $389.74. Investors seeking more detailed projection data can explore further on the Adobe Inc. (ADBE) Forecast page.
Brokerage Recommendations and Ratings
Adobe Inc. holds a commendable "Outperform" status based on the consensus recommendation from 41 brokerage firms, with an average brokerage rating of 2.0. This rating scale ranges from 1, which signifies a Strong Buy, to 5, indicative of a Sell recommendation. Such a rating reflects analysts' positive outlook on Adobe’s future performance.
GuruFocus Insights: GF Value Assessment
According to GuruFocus assessments, the estimated GF Value of Adobe Inc. (ADBE, Financial) in one year is projected to be $635.01. This figure represents a substantial upside potential of 62.93% from the current share price of $389.74. The GF Value is calculated using historical multiples at which the stock has traded, alongside past business growth trajectories and forward-looking business performance estimates. Investors seeking more in-depth information can access comprehensive data on the Adobe Inc. (ADBE) Summary page.
