Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns

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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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(NASDAQ:ADBE) is one of the 12 Cheap Technology Stocks to Invest In According to Hedge Funds.On February 3, Piper Sandler downgraded Adobe Inc. (NASDAQ:ADBE) from Overweight to Neutral, lowering the price target from $470 to $330.Piper Sandler’s Billy Fitzsimmons remains concerned about Adobe’s seat-compression and vibe-coding narratives and believes that could put a ceiling on the multiples, according to TheFly. Fitzsimmons mentioned that this is not a call on Q4 earnings.Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite ConcernsSeparately, the strong point for Adobe remains its AI monetization around its products, such as Firefly and Acrobat AI Assistant. However, the latest piracy lawsuits have led to downgrades from most analysts. The key for Adobe is to balance its legal risks and maintain its strong presence around AI-powered content tools. Its recent partnership with Cognizant focuses on enterprise demand for scalable, lower-cost content production. The AI-focused collaboration between the two firms brings Adobe’s Firefly and GenStudio tools to the center of enterprise content workflows. This will be a major development for Adobe if enterprises adopt its AI-driven content tools at scale. Stephen Frieder, Chief Revenue Officer, Enterprise at Adobe, said:As AI reshapes customer expectations, Adobe is helping brands stand out with exceptional, personalized experiences, powered by an AI-driven content supply chain. Cognizant’s deep industry expertise and ability to operationalize complex transformations make them a natural strategic partner as we help organizations seamlessly orchestrate and scale content production workflows while maintaining quality and control.Adobe Inc. (NASDAQ:ADBE) is a leading tech company that engages in digital media. The company’s digital media segment provides products and services that allow users to create, publish, and promote content.While we acknowledge the potential of ADBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW.Disclosure: None. 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