Name: Adobe (ADBE): Analyst Sees Promise For A.I., But Timing Is Uncertain
Uploaded: 2023-09-29T15:50:48.444-05:00
Duration: 3 min 41 s

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Adobe’s (ADBE) demand for cloud and digital transformation remains strong, notes an HSBC analyst. The analyst sees promise for A.I., but the timing is uncertain. George Tsilis discusses this as HSBC initiates ADBE at a hold with a $519 price target. He talks about how HSBC’s hold rating is reasonable when it comes down to the forward multiple relative to those earnings' growth estimates. Tune in to find out more about the stock market today.

Adobe (ADBE): Analyst Sees Promise For A.I., But Timing Is Uncertain

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