Analysts See New AI Opportunities for Adobe Inc (NYSE:ADBE) [Yahoo! Finance]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
As soon as the latest softer-than-expected inflation data numbers were out, investors began to take profits from major tech stocks and pour money into small-cap companies amid hopes of rate cuts. However, some were quick to call the latest decline in tech stocks the end of the AI-fueled rally that has pushed stock valuations to eye-popping levels. But there are some Wall Street analysts who believe this is just a short-term trend and large tech and AI stocks have a lot of room to grow. Samantha McLemore, CIO of Patient Capital, said while talking to CNBC that the “bull market continues and the path of least resistance is higher.” The analyst said that she has been in the market for a long time and investors have been worrying about the end of the bull market since 2009, while the S&P 500 has grown over 1000% (17% per year) since then. “We don't see any end to the bull market. We do think there's a good chance we see a rotation and small caps, the laggards, do much better in the s
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ADBE
News
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Stifel Nicolaus from $600.00 to $650.00. They now have a "buy" rating on the stock.MarketBeat
- Is Adobe Inc. (ADBE) the Best Augmented Reality Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Barclays PLC from $650.00 to $675.00. They now have an "overweight" rating on the stock.MarketBeat
- Adobe Inc. (NASDAQ: ADBE) had its price target raised by analysts at Oppenheimer Holdings Inc. from $580.00 to $625.00. They now have an "outperform" rating on the stock.MarketBeat
- Adobe Systems (ADBE) Stock Moves -0.59%: What You Should Know [Yahoo! Finance]Yahoo! Finance
ADBE
Earnings
- 6/13/24 - Beat
ADBE
Sec Filings
- 8/19/24 - Form 4
- 8/12/24 - Form 4
- 8/12/24 - Form 3
- ADBE's page on the SEC website