Phillip Securities Maintains Buy Rating on Adobe (ADBE) Stock
Key takeaways
- Phillip Securities Maintains Buy Rating on Adobe (ADBE) Stock Bob Karr Sun, June 28, 2026 at 5:17 AM GMT+7 1 min read ADBE Adobe Inc.
- (NASDAQ:ADBE)'s management has been maintaining strong ARR and subscription growth targets.
- Adobe Inc (NASDAQ:ADBE) is a provider of multimedia and digital marketing software such as Photoshop, Illustrator, and InDesign, among others.
Phillip Securities Maintains Buy Rating on Adobe (ADBE) Stock Bob Karr Sun, June 28, 2026 at 5:17 AM GMT+7 1 min read ADBE Adobe Inc. (NASDAQ:ADBE) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 17, Phillip Securities analyst Paul Chew maintained a "Buy" rating on the company's stock, setting the price objective of $385.00. The analyst's rating is backed by several factors that are related to the company's growth profile and valuation.
The analyst noted that revenue and adjusted earnings continue to remain in line with the full‑year expectations, thanks to the robust adoption of Creative Cloud Pro as well as the expanding base of freemium users, mainly throughout Firefly, Express, and core creative applications.
Adobe Inc. (NASDAQ:ADBE)'s management has been maintaining strong ARR and subscription growth targets. The focus is also on user acquisition now and monetization later with the help of upselling, AI‑driven SKUs, and higher generative credit consumption, noted Chew. While increased competition continues to persist in generative AI, the analyst opines that Adobe Inc. (NASDAQ:ADBE)'s trusted IP position, enterprise demand for integrated workflows, and Firefly's scaling ARR are expected to help future earnings.