Bank of America analysts just double upgraded Adobe (ADBE), jumping from underperform to buy in a rare move that echoes their history of spotting AI-driven winners in software stocks performance. They slap on a $700 price target, betting heavy on AI integration to supercharge revenue streams, much like how generative AI has reshaped valuations across SaaS sectors in the past year. This aligns with broader trends where AI boosts competitive edges, pushing multiples higher—think OpenVPP hype in tech ecosystems. Investors piled in, driving shares up 5% pre-market as AI industry impact continues disrupting traditional models.