Adobe Stock Analysis: Why Investors May Want to Wait for the Fall to $500
ADBEAdobe(ADBE) Investor Place·2024-08-02 03:36

Amid the choppiness on Wall Street, tech darlings are in the spotlight this earnings season. Similarly, the leading software company Adobe (NASDAQ:ADBE), known for its products like Photoshop, Illustrator and Acrobat, has also been volatile.ADBE stock reached multi-year highs of $638 in early February but its year-to-date (YTD) performance has raised eyebrows. ADBE stock ended July at $551.65, with over a 7.5% YTD decline. The stock has underperformed the iShares Expanded Tech-Software Sector ETF (NYSEARCA: ...