Adobe Stock: Balanced Outlook Amid AI Growth and Competitive Challenges
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TD Cowen analyst Derrick Wood maintains a Hold rating on Adobe with a $420 price target, citing a balanced outlook amid AI growth and competitive challenges. Adobe's Q4 report is expected to show stable performance, but growth may decelerate by 2026. Despite positive developments, investor uncertainty persists due to lack of new financial targets and increased competition. Citi also maintains a Hold rating with a $366 target.
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