This Artificial Intelligence (AI) Stock Is Down 15% in 2024, But Should You Buy It?
(NASDAQ: ADBE) investors were quick to press the panic button after the company released fiscal 2024 first-quarter results (for the quarter ending March 1, 2024) on March 14, as the company's guidance failed to match Wall Street's expectations.
Shares of the company were down 14% in a single session following the report, bringing an end to its rally, which has been fueled by optimism around its artificial intelligence (AI)-focused products. In all, Adobe stock has lost 15% of its value in 2024 as of this writing.
Let's take a closer look at Adobe's quarterly report and check if its recent pullback is an opportunity to buy a potential AI winner.
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.
