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Adobe stock seen rising 35% amid AI growth despite recent sharp declines and market fears.

Analyst Insights
23 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Adobe's stock has dropped nearly 50% over the past year, pressured by AI subscription concerns and leadership changes. However, the company reported record Q2 revenue of $6.62 billion and raised its full-year revenue guidance, driven by tripled AI-first annual recurring revenue exceeding $500 million. Analysts see a 35% upside with a $264 price target, citing strong fundamentals and AI monetization progress. Risks include competition from new AI tools and recent insider selling, but Adobe's outlook remains positive if growth targets hold.

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