Adobe’s stock falls on downbeat forecast and softer demand for AI tools
Shares of Adobe Inc were trending lower in extended trading today after the company offered light guidance that fell short of analysts’ expectations. The lower forecast signals that it’s facing stiff competition, resulting in softer demand for its artificial intelligence-powered editing tools.
Adobe Stock Falls: Time to Buy?
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Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock ...
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Bulls advise you look past Adobe’s “optically dimmed” forecast, but it certainly raises the bar for next year.
ADBE's double beat performance and robust FY2024 guidance have been met with skepticism, with the stock plunging afterwards.
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