Adobe and Figma End Their Acquisition Talks. Here's What I'm Doing With My Shares.
In September of 2022, Adobe (NASDAQ: ADBE) announced plans to acquire Figma, a digital design collaboration company. Immediately after that was announced, multiple regulators voiced their concerns with the deal since Figma was seen as a direct competitor to Adobe for some of its products.
However, regulators can rest easy, as the two parties have mutually agreed to end the acquisition talks. This merger was a part of some investors' thesis for Adobe, and with the deal ripped up, some might wonder what they should do with their shares. Although this was an unfortunate ending to this plan, the company still looks like a strong investment.
This deal wasn't loved by all investors. Immediately after the planned deal was announced, Adobe's stock plummeted 17%. That's a bad reaction for an acquisition announcement, but it came from one part of the deal: Figma's price tag.
Source Fool.com
Adobe Inc. Stock
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
With a target price of 589 € there is a slightly positive potential of 17.85% for Adobe Inc. compared to the current price of 499.8 €.
