UBS Maintains Fiscal 2025 Projections for Adobe (ADBE) Despite Target Cut

Adobe Inc. (NASDAQ:ADBE) ranks among the best software stocks to buy right now. On August 29, UBS reduced its price target for Adobe Inc. (NASDAQ:ADBE) to $400 from $430 and retained a Neutral rating ahead of the company’s third-quarter earnings report on September 11. The adjustment was made after UBS analyst Karl Keirstead spoke with customers and partners to examine current market trends for Adobe products.

According to UBS, Adobe’s medium-term artificial intelligence risks will likely continue, though near-term demand and usage of the company’s products seem to be “holding up relatively well.” Despite the price target drop, UBS maintained its fiscal year 2025 projections for Adobe Inc. (NASDAQ:ADBE).

Adobe Inc. (NASDAQ:ADBE) is a world leader in software creation, known for its cutting-edge digital media solutions. Its major products, including Photoshop and Acrobat are essential tools for creative sectors and organizations across the globe.

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Disclosure: None. This article is originally published at Insider Monkey.