Adobe Inc. stock underperforms with cautious Q4 guidance and competition concerns

From Nasdaq: 2024-12-06 11:39:09

Adobe Inc. is a mega-cap software company with a market cap of $236.2 billion, known for Creative Cloud. Despite recent setbacks, ADBE stock remains above moving averages. After plunging 8.5% post-Q3 results, cautious Q4 guidance and competition concerns have investors wary. Microsoft outperforms ADBE, but analysts foresee potential growth with a 12.6% premium on current price.



Read more at Nasdaq: Adobe Stock: Is ADBE Underperforming the Technology Sector?