J.P. Morgan Maintains a Buy on Adobe Inc. (ADBE), Keeps PT

Adobe Inc. (NASDAQ:ADBE) is one of the Best NASDAQ Stocks to Buy with Huge Upside Potential. On September 10, J.P. Morgan analyst Mark Murphy maintained a Buy rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $540.

The analyst reiterated his bullish sentiment on the stock on the back of the company’s steady revenue performance. He notes that the company has a strong track record of meeting and even beating the revenue estimates. As of now, Adobe Inc. (NASDAQ:ADBE) projects around 9% year-over-year growth, driven by new product launches, AI solutions, and price increases in its Creative Cloud plans.

Murphy believes that these factors are expected to further strengthen the company’s revenue base. Moreover, he also sees Adobe Inc. (NASDAQ:ADBE) current valuation multiple lower than usual, making it an attractive entry point for investors.

Adobe Inc. (NASDAQ:ADBE) is a global technology company that provides software and solutions for creating, managing, and delivering digital content.

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