Adobe Stock: Buy, Sell, or Hold?
Shares of (NASDAQ: ADBE) rallied sharply following a better-than-expected second-quarter earnings report, sending shares to a three-month high.
The update helped brush aside some market fears that the digital media software giant may be losing its step amid the emergence of competing artificial intelligence (AI) applications representing a threat to its core business. The stock is still down about 13% in 2024.
So, how should investors think about Adobe's latest trends? Is the stock a buy, sell, or hold right now? Let's dive in.
Source Fool.com
Adobe Inc. Stock
€511.10
0.870%
With 60 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 589 € shows a slightly positive potential of 15.24% compared to the current price of 511.1 € for Adobe Inc..
