Adobe Inc. (NASDAQ:ADBE) is one of the Best Software Stocks to Buy According to Wall Street Analysts. Adobe Inc. (NASDAQ:ADBE) is trading close to its 52-week lows. However, Wall Street maintains a positive sentiment, with analysts’ 12-month price targets reflecting more than 40% upside from the current levels.
Recently, on January 26, Karl Keirstead from UBS reiterated a Hold rating on the stock and lowered the price target from $375 to $340. Earlier, on January 12, Gabriela Borges from Goldman Sachs downgraded the stock to a Sell rating from Buy and maintained a price target of $290.
Analysts at Goldman Sachs noted relatively weaker growth metrics as one of the main reasons behind the undervalued PEG ratio. The firm noted that Adobe Inc. (NASDAQ:ADBE) projects around 10% revenue growth over the next 12 months, which lags behind its peers with 11% growth expectations. Moreover, the next 12 months’ EPS growth of 10% also trails behind the 18% growth expectations from its peers. The firm noted that this places the company in the bottom quartile for PEG valuation. On the bright side, fiscal 2026 EPS is forecasted at $22.69, signaling sustained profitability.
Adobe Inc. (NASDAQ:ADBE) is a global leader in digital media and digital marketing solutions. It provides creator tools and services to individuals, teams, and enterprises to create, publish, and promote content.
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Disclosure: None. This article is originally published at Insider Monkey.