Adobe (ADBE) and WPP Announce Expansion of Their Long-Standing Global Partnership

Adobe, Inc. (NASDAQ:ADBE) is one of the best cheap blue chip stocks to buy according to analysts. Adobe, Inc. (NASDAQ:ADBE) and WPP announced on February 24 an expansion of their long-standing global partnership, delivering integrated solutions for global brands to drive business growth, optimize media, and scale creativity with new agentic capabilities while simultaneously ensuring on-brand content creation with Adobe Firefly Foundry.

Management reported that the collaboration will offer a single marketing solution amalgamating Adobe, Inc.’s (NASDAQ:ADBE) AI capabilities, content platforms, and data orchestration with WPP’s strategic insight, creative prowess, and end-to-end transformation expertise. It would leverage WPP Open, WPP’s agentic marketing platform, to deliver a connected and privacy-safe approach to marketing transformation.

In a separate development, Jefferies cut the price target on Adobe, Inc. (NASDAQ:ADBE) to $290 from $400 on February 23, maintaining a Hold rating on the shares and stating that the apps software names have been hit harder than the overall software sector. The firm sees continued risk regarding negative sentiment, and downgraded four names in the space to take into account its news AI risk framework and company-specific factors, while cutting targets for several others.

Adobe Inc. (NASDAQ:ADBE) is a US-based global technology company that offers services, products, and solutions to fuel digital and immersive experiences and imagine, manage, optimize, and engage with content across surfaces.

While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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