Why Adobe Stock Was Sliding Today
Shares of Adobe (NASDAQ: ADBE) were falling Friday after the cloud software giant beat estimates for its fiscal first quarter, but issued disappointing guidance for the current quarter, sparking concerns that competition was catching up to it and it was failing to fully capitalize on i opportunities of artificial intelligence (AI).
As of 2:15 p.m. ET, the stock was down by 14.1%.
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Source Fool.com
Adobe Inc. Stock
€499.80
1.990%
With 59 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 588 € shows a slightly positive potential of 17.65% compared to the current price of 499.8 € for Adobe Inc..
