According to Citigroup's report, Adobe's (ADBE.US) Q2 performance ending at the end of May may be the strongest performance in the software industry of the quarter, with its strong digital media business adding annual recurring revenue exceeding expectations, and most indicators are growing steadily in the 2025 fiscal year, avoiding unfavorable impacts such as macroeconomics. The company continues to be driven by Document Cloud, but its Creative Cloud performance remains weak.

The bank expects Adobe's stock price to continue to have a good upside and begin to recover from the situation of underperformance since the beginning of the year. However, the quarterly results will not change the bank's expectations for the company, as the momentum of Creative Cloud remains lukewarm in the rapidly evolving competitive landscape. The bank maintains a "neutral" rating on Adobe, with its target price revised upward from $529 to $550.