Adobe Inc. (NASDAQ:ADBE) is one of the best big tech stocks to buy according to Wall Street analysts.
Adobe Inc. (NASDAQ:ADBE) announced on June 18 a major expansion of its creative agent across Firefly, the all-in-one creative AI studio, and Creative Cloud
Adobe Firefly now delivers expanded agentic capabilities along with new creative skills and tools. The company also introduced its creative agent across Creative Cloud apps, including Illustrator, Premiere, Photoshop, and more. This allows creators to “describe their desired outcome while the assistant orchestrates multi-step workflows”.
Adobe Inc. (NASDAQ:ADBE) further stated that, taken together, the advancements establish the company’s creative agent as the “connective layer across every stage of creative work”, allowing creatives to focus on the taste, craft, and judgment that “make the work distinctly theirs”. In a separate development, Adobe Inc. (NASDAQ:ADBE) was downgraded by Freedom Broker to Hold from Buy on June 12, with the firm bringing the price target on the stock down to $250 from $510. The firm believes that the company’s growth quality shifted this quarter, as the acceleration was acquired rather than organic.