Down 33% in the Past Year: Is Adobe (ADBE) Stock a Buy Now?
Adobe’s decline was mainly due to its disappointing forward guidance. Q2 revenue forecast came in at $5.77–$5.82 billion vs. the consensus of $5.8 billion. Investors were likely spooked as the lower end of the guidance still implies a chance of Adobe missing expectations.
Citi lowered the firm’s price target on Adobe (ADBE) to $430 from $490 and keeps a Neutral rating on the shares. The firm says the company’s ...
Adobe forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower ...
Equity analysts from Jefferies said in a report published on Sunday that chief information officers they surveyed expect ...
Adobe CEO says the company has not been slow with AI monetisation. He explained how in an interview with CNBC on Thursday ...
Adobe's GenAI tools like Firefly streamline marketing workflows, enhance collaboration, and ensure safety, driving growth in ...
Adobe Inc. gave a disappointing outlook for revenue growth in the current quarter despite a recent focus on monetizing its ...
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Adobe Acrobat AI vs ChatGPT: Which is best for contract analysis?According to an Adobe support document, the AI assistant in Acrobat is powered by the GPT-4o model. So, in theory, its ...
Across creative and marketing audiences alike, AI offers transformative opportunities and Adobe is ready to take advantage of ...
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