Is Adobe Stock Still a Screaming Buy After Its Recent Rise?
If you are working at an office today or as a content creator working from home, you are undoubtedly familiar with Adobe (NASDAQ: ADBE) products. Users opened more than 400 billion PDFs in Adobe products last year, and 90% of creative pros use Adobe Photoshop. The company's products are integral to many, which is why Adobe just reported another record-revenue quarter.
The business is on solid footing; the stock is not. It declined 52% from its 52-week high for three main reasons:
We all probably know about No. 1 and No. 2 above, so let's focus on No. 3. Figma is cloud-based, design-software creators use for real-time collaboration on projects such as graphic design work for social media advertisements, app interfaces, and more.
Source Fool.com
