- Adobe (ADBE, Financial) launches the Firefly app, leveraging AI models from Google Cloud and OpenAI.
- Analysts predict an average target price for ADBE at $506.14, indicating a 43.81% upside.
- GuruFocus estimates suggest a 78.73% upside from current price based on GF Value.
Adobe (ADBE) has introduced its groundbreaking Firefly app, integrating advanced AI models from industry leaders such as Google Cloud and OpenAI. This innovative application enables users to craft a wide range of multimedia content with ease. Key features include sophisticated image models and a new video model that significantly enhances the realism of digital content creation. Additionally, Firefly offers collaborative tools, streamlining creative project development.
Wall Street's View on Adobe
According to projections by 33 analysts, the one-year price target for Adobe Inc (ADBE, Financial) averages at $506.14. The forecasts range from a high of $660.00 to a low of $380.00, suggesting a potential upside of 43.81% from the current market price of $351.96. Interested investors can find more comprehensive estimate data on the Adobe Inc (ADBE) Forecast page.
Moreover, consensus from 41 brokerage firms places Adobe Inc (ADBE, Financial) at an average recommendation of 2.0, positioning it as "Outperform." This rating scale spans from 1, indicating a Strong Buy, to 5, which denotes a Sell.
GuruFocus Analysis
According to GuruFocus estimates, the projected GF Value for Adobe Inc (ADBE, Financial) in the upcoming year is $629.07. This figure indicates a potential upside of 78.73% from the current price of $351.96. The GF Value is GuruFocus' calculated fair value of a stock, determined by historical trading multiples, past business growth, and projected future performance. Investors can explore more detailed data on the Adobe Inc (ADBE) Summary page.
