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Stock impact report

Adobe Stock Pops 15% As Customers Pay Up For Generative AI Services [Forbes]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Forbes
Since peaking at $663 in November 2021, Adobe's stock market value has fallen 21%. As an investor in the San Jose, Calif.-based software company, this lost value is not pleasant. Ups and downs are likely for most stocks. If a company beats investor expectations and raises guidance, the stock rises. Otherwise investors dump the stock. After that, analysts lower their expectations. If the company subsequently wins a larger share of a new, fast-growing market, the lower expectations could help investors. That's because the company's new growth trajectory can help it exceed diminished expectations and raise guidance. Such results can bring new life to the company's stock price. That is what Adobe did June 13 — when it reported revenue and profit that topped investor expectations. The company's shares surged 15% — their biggest rally since March 2020, according to Can Adobe keep beating analysts' forecasts and raising growth forecasts? If customers keep buying its generative AI-po Show less Read more
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