Adobe Stock Falls: Time to Buy?
Adobe (NASDAQ: ADBE) has been a stalwart software company for a long time. It was one of the first to transition to a subscription model, a practice that nearly every software company has adopted. Now, the company finds itself at the crossroads of another monumental shift: generative artificial intelligence (AI).
Recently, the stock tumbled about 10% after Adobe reported its latest financial results. So, is Adobe losing the generative AI race? Or is there something else going on here?
Adobe's products are the industry standard in graphic design. Its design suite has multiple programs tailored to specific applications and can be purchased for a monthly fee.
Source Fool.com
Adobe Inc. Stock
€461.15
-0.900%
The stock is one of the favorites of our community with 62 Buy predictions and 2 Sell predictions.
With a target price of 582 € there is a positive potential of 26.21% for Adobe Inc. compared to the current price of 461.15 €.
