Adobe's earnings are on deck, but that's not the main reason its stock won a new fan

Adobe Inc. could be in the midst of a strong quarter, but that’s not the only reason a Mizuho analyst is feeling more upbeat about its stock.

Additionally, Moskowitz said he thinks Adobe’s fundamentals are improving within its Digital Media and Digital Experience units, and he’s increasingly optimistic that generative artificial intelligence can help spur interest in the company’s products. See also: Salesforce’s AI-fueled stock rally may need to cool — and Morgan Stanley prefers another software play

Though Moskowitz said he is upbeat about the fundamental aspects of Adobe’s business, he acknowledged that Wall Street “may be downplaying the risks” surrounding Adobe’s pending $20 billion deal for Figma that is being scrutinized by regulators.

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