Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?
Adobe (NASDAQ: ADBE) shares shot up 14.5% last Friday after the company reported strong second-quarter results and boosted its full-year 2024 guidance. Adobe had been one of the poorer-performing stocks in the S 500 index. And even after Friday's gain, it is still down 12% in 2024.
Here's why Adobe could be turning the corner and why the growth stock is worth buying now.
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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 €.
