Intel and AMD Upgraded to Overweight by KeyBanc with Price Targets of $60 and $270
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Surge in Chip Demand: Intel (INTC) and AMD (AMD) have nearly sold out their server CPUs for 2026 due to surging demand from data centers and AI, prompting KeyBanc to upgrade both to Overweight with price targets of $60 and $270, reflecting strong confidence in future growth.
- Price Increase Expectations: KeyBanc analysts noted that Intel is considering a 10-15% increase in average selling prices (ASP) over the next year, while AMD may also pursue similar price adjustments in Q1 2026, which would further enhance their profitability and market competitiveness.
- Challenges for Adobe: Oppenheimer downgraded Adobe (ADBE) to Perform due to slowing growth in its Digital Media business, with analysts indicating that the AI business did not drive growth as expected, and the lowered FY26 operating margin guidance is likely to negatively impact the stock price.
- Downgrades for FedEx and UPS: BNP Paribas downgraded FedEx (FDX) and UPS (UPS), maintaining a positive outlook for FedEx but highlighting competitive pressures from Amazon, while UPS was downgraded to Underperform due to lost market share, with a new price target of $85 suggesting a 20% downside.
Analyst Views on ADBE
Wall Street analysts forecast ADBE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADBE is 459.91 USD with a low forecast of 280.00 USD and a high forecast of 590.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
18 Buy
7 Hold
1 Sell
Moderate Buy
Current: 304.090
Low
280.00
Averages
459.91
High
590.00
Current: 304.090
Low
280.00
Averages
459.91
High
590.00
About ADBE
Adobe Inc. is a global technology company. The Company's products, services and solutions are used around the world to imagine, create, manage, deliver, measure, optimize and engage with content across surfaces and fuel digital experiences. Its segments include Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud, which include Adobe Express, Adobe Firefly, Photoshop and other products, offering a variety of tools for creative professionals, communicators and other consumers. The Digital Experience segment provides an integrated platform and set of products, services and solutions through Adobe Experience Cloud. The Publishing and Advertising segment contains legacy products and services. In addition, its Adobe GenStudio solution allows businesses to simplify their content supply chain process with generative artificial intelligence (AI) capabilities and intelligent automation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
