This Monster Growth Stock Could Remain Unstoppable for Decades to Come
After reaching an all-time high of just under $700 per share in November 2021, Adobe (NASDAQ: ADBE) stock is trading down over 35% from that high as broader market volatility has paired with slowing growth concerns for Adobe's business.
Adobe has now reported back-to-back disappointing quarters and weak revenue guidance, which has some investors on edge. However, Adobe continues to prove that it is one of the best-run tech companies out there -- a quality that more than makes up for its slowing growth.
Let's take a closer look and see if the recent reports and guidance really do justify the price drop. Or does the price drop signify an opportunity to buy in on this tech powerhouse at a relative discount?
Source Fool.com