Adobe stock declined by 26% in 2024 despite exceeding guidance, uncertainty about future metrics.

From Nasdaq: 2025-01-11 16:38:24

In 2024, Adobe’s shares declined by 25.5%, despite beating its initial full-year guidance. The company exceeded expectations on all key metrics, including digital media net new annualized recurring revenue. However, uncertainty about future metrics and AI’s role led to a sell-off, with analysts cutting price targets. The debate centers on Adobe’s ability to monetize AI amid competition and potential industry layoffs. Investors should weigh these factors before considering investing in Adobe, as other stocks may offer better returns. The Motley Fool Stock Advisor team identified 10 promising stocks, excluding Adobe, that could yield significant returns in the future.



Read more at Nasdaq: Here’s Why Adobe Stock Declined by 26% in 2024