Bank of America assigns Adobe an "Underperform" rating and sets a target price of $190
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GoldenTenData July 7｜Bank of America has resumed coverage of Adobe, giving it an "Underperform" rating and a target price of $190. Analysts believe that generative artificial intelligence (AI) is gradually eroding the software giant's competitive advantage, even though its share price is currently near the bottom of its historical valuation range.
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