Adobe Stock Still Looks Extremely Overvalued
Adobe's (NASDAQ: ADBE) stock was crushed late last week after earnings -- and for good reason. The company isn't growing rapidly on the back of artificial intelligence, and it looks like shares have been bid up to an unsustainable level. In this video, Travis Hoium covers the multiples and what investors should watch for next.
*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 19, 2024.
Source Fool.com
Adobe Inc. Stock
€530.10
0.320%
The stock is one of the favorites of our community with 76 Buy predictions and 2 Sell predictions.
With a target price of 579 € there is a slightly positive potential of 9.22% for Adobe Inc. compared to the current price of 530.1 €.
