Adobe Stock Builds Long-Term Value: Consider Buying on the Dip

Adobe TodayADBEAdobe $534.26 -52.29 (-8.91%) 52-Week Range$ 433.97▼ $638.25P/E Ratio48.00Price Target$ 606.86Add to WatchlistInvestors needn’t worry about Adobe’s NASDAQ: ADBE near-term price action because of the longer-term value gains derived from its quality. Adobe investors should instead focus on the bullish longer-term price action. The chart of monthly prices shows this leading SaaS provider that monetizes AI today is in a solid uptrend. The uptrend is marked by high volatility in 2020-2022, resulting f ...