From Nasdaq: 2024-11-22 05:00:00

Zacks.com Analyst Blog Highlights Adobe, Microsoft, IBM, and Alphabet. Adobe stock has declined 19.4% in the past year, underperforming the sector. Despite challenges, Adobe’s strong demand for creative products and growth in emerging markets are positive. Adobe’s GenAI capabilities and subscription revenues are driving growth expectations for Q4 2024. (Word Count: 50)

Adobe’s expansion of GenAI-powered portfolio, including Firefly models, boosts its creative capabilities. Introduction of Firefly Video model and GenAI Assistant enhancements enhance Adobe’s competitiveness. Adobe’s GenAI focus, including Generative Remove in Lightroom, and Adobe Express for Enterprise, are driving momentum. (Word Count: 50)

Adobe’s strong clientele, including IBM, Johnson & Johnson, and Google, is driving revenue growth. Adobe projects total revenues between $5.50-$5.55 billion for Q4 2024. Estimate revisions show positive growth trends for 2024. Despite a premium stock price, Adobe’s growth prospects and GenAI focus justify the valuation. (Word Count: 50)

Zacks’ top stock picks for potential 100%+ gains in 2024 include Adobe, Microsoft, IBM, and Alphabet. Access these picks for free today. (Word Count: 25)



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