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Adobe on Wednesday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
Adobe is hoping to capitalize on the early success of its Firefly AI models by launching a new standalone subscription service that gives users access to the company's AI image, vector and video generating models.
Adobe is undervalued at $450, with a target price of $600, driven by strong subscription revenue and AI integration. Despite competition fears, Adobe's core audience remains loyal, and AI features are boosting customer retention and engagement. Adobe's financials are robust, with 89% gross margins, growing revenue, and significant free cash flow, making it a stable investment.
Adobe Systems (ADBE) concluded the recent trading session at $458.82, signifying a +1.71% move from its prior day's close.
The market appears concerned that generative AI is disrupting Adobe. ADBE has seen revenue growth decelerate, instead of accelerate as hoped for – validating such fears. The company remains a cash cow with a strong balance sheet and ongoing share repurchases.
Adobe chairman and CEO Shantanu Narayen has the latest on the state of the tech industry on 'The Claman Countdown.'
Adobe (ADBE -0.54%) shareholders might wish they could use Photoshop, the tech giant's flagship image-editing tool, to magically erase the stock's disappointing performance in 2024. Despite solid growth and record profitability, shares are down about 30% in the past year.
Zacks.com users have recently been watching Adobe (ADBE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Adobe Systems (ADBE) concluded the recent trading session at $440.23, signifying a +0.37% move from its prior day's close.
By far the biggest driving force behind the stock market returns over the last two years has been artificial intelligence (AI). With big tech spending heavily to build out data centers and develop new AI capabilities, the promises of AI are moving closer to a reality.
Adobe's chief strategy officer Scott Belsky announced this week that he will be joining A24, the independent movie studio behind “Civil War,” “Everything Everywhere All At Once,” and many more titles.