Did Adobe Just Signal a Red Flag for AI Growth Stocks?
Adobe (NASDAQ: ADBE) stock sold off on Friday after the software giant reported record revenue but muted Q2 fiscal 2024 guidance. The stock is now down around 20% since Feb. 1 in what has otherwise been a great period for the broader market and for artificial intelligence (AI) fueled growth stocks.
Let's dive into Adobe's results and management commentary to determine if this is a bad omen for the AI theme, or if Adobe's issues are more company-specific.
Image source: Getty Images.
Source Fool.com
Adobe Inc. Aktie
502,10 €
-0,61 %
Überwältigendes Buy-Interesse bei Adobe Inc., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Ein leicht positives Kursziel von 588 € für Adobe Inc. gegenüber dem aktuellen Kurs von 502.1 € wird gesehen.
