Adobe Stock Could Be a Big Winner From AI. Here's My 2027 Price Target

Adobe reported record AI-related revenue, but the stock is trading near multi-year lows, suggesting the market is not fully valuing the AI momentum. The article argues Wall Street’s cautious consensus may be overlooking upside from freemium-to-paid conversions once they accelerate. Overall, the setup points to a valuation/expectations disconnect rather than a clear immediate catalyst.