Adobe Systems stock is down 11% YTD despite strong Q3 earnings, with analysts optimistic about future growth

From Nasdaq: 2024-09-23 19:45:35

Adobe Systems (ADBE) is a software giant with a market cap of $231.5 billion, known for its creative software suite like Photoshop. Despite strong Q3 earnings, the stock is down 11.3% year-to-date. With investments in AI, including Firefly, Adobe anticipates revenue growth. Analysts are optimistic, with an average target price of $613.38.



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