Analysts Bullish on Adobe, Salesforce, Pinterest, Microsoft, and FedEx Due to AI Momentum, Cloud Growth, Cost Cuts

Adobe's earnings show strength in cloud subscriptions. Analyst Brad Zelnick boosted his price target and sees Adobe as a winner in generative AI.
Salesforce's Dreamforce event highlighted its leadership in AI CRM. Analyst Colin Zelnick is bullish due to pricing power, data access, and management's focus on margins.
At its investor day, Pinterest expects mid-to-high teen revenue growth over the next 3-5 years. Analyst Colin Sebastian sees upside if trends improve.
Microsoft announcements reflect solid execution on its AI product roadmap per analyst Kash Rangan. Its partnerships and breadth position it well in generative AI.
FedEx beat earnings expectations through cost cuts. Analyst Jonathan Chappell sees it as a unique investment opportunity amid its ambitious efficiency targets.

cnbc.com

Relevant topic timeline:

8/17/2023

This company is the No. 1 software player in A.I. right now, says Jim Cramer

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8/21/2023

Adobe: Ahead Of The Competition (NASDAQ:ADBE)

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8/28/2023

Is Adobe A Generative AI Winner Or Loser? A Critical Analysis (NASDAQ:ADBE)

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9/1/2023

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9/8/2023

Mizuho Upgrades Adobe to Buy Rating Ahead of Earnings, Citing AI Demand and Improving Fundamentals

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9/14/2023

Adobe Stock Surges as Company Leans Into AI Across Creative Suite Ahead of Earnings

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9/15/2023

Adobe Stock Rises Despite Beating Estimates as Analysts See AI Opportunities

Adobe stock dipped ~4% despite beating Q3 estimates as BMO Capital Markets raises its target price on the stock and retains an Outperform rating, citing the company's multi-year generative AI opportunity, while Goldman Sachs also increases its price target and sees Adobe benefiting from Gen-AI.

10/18/2023

Adobe Soars on 'Wow Factor' of New AI Tools Unveiled at Max Conference

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Posted 10/1/2023, 11:53:26 AM