Adobe Inc. (NASDAQ:ADBE) ranks among the AI stocks beyond NVIDIA that could surge in 2026.
Piper Sandler maintained a Neutral rating and a $240 price target for Adobe Inc. (NASDAQ:ADBE) on June 26 as the company announced the acquisition of Topaz Labs, a company that provides AI models for video and image augmentation
The company intends to integrate Topaz Labs’ AI models with Firefly, Firefly Services, and Creative Cloud applications. Adobe Inc (NASDAQ:ADBE) will also include Topaz Labs’ patented Neurostream platform, which enables large, complex AI models to operate natively on customer devices. According to Piper Sandler, Adobe’s competitive landscape has grown more intense in the AI and agentic era, and the firm believes that going after M&A is the best course of action.
Additionally, on June 23, Adobe Inc. (NASDAQ:ADBE) announced collaborations with technology firms and agency networks at the Cannes Lions to generate and measure customer experience solutions. In order to manage content supply chains, customer interaction, and brand visibility, the company launched Adobe CX Enterprise and CX Enterprise Coworker. Adobe Inc. (NASDAQ:ADBE) is a provider of multimedia and digital marketing software such as Photoshop, Illustrator, and InDesign, among others.