This Software Stock Could Soar 74% Over the Next Year, According to an Analyst -- and Patient Investors Could Get Even Better Returns

Adobe stock has declined 44% this year amid leadership transitions and strategic shifts toward AI-first freemium offerings. J.P. Morgan analysts project a 74% upside over the next year, arguing the stock's current valuation (3x sales, 8x earnings) offers limited downside risk relative to significant long-term growth potential if management executes its strategy successfully.