BMO names this software stock as a top pick, citing A.I. tailwinds
Adobe could be another generative AI winner, according to BMO Capital Markets. Analyst Keith Bachman named Adobe its top pick in a Tuesday note, replacing Palo Alto Networks . BMO has an outperform rating on shares. "For ADBE, we believe that generative AI can be a meaningful tailwind to net new ARR, starting mostly in FY24.
mountain ADBE in 2023 —CNBC's Michael Bloom contributed to this report.
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