Adobe Inc. ($ADBE) Stock Forecast: Down 8.3% Today

What is Adobe Inc.?

Asset Adobe Inc. (ADBE) is a multinational computer software company known for its popular products like Adobe Photoshop, Illustrator, and Acrobat. It is listed on the NASDAQ stock exchange.

Why is Adobe Inc. going down?

ADBE stock is down 8.3% on Sep 13, 2024 19:01

• Strong Q3 earnings were reported by Adobe with a revenue increase of 10.6% and an EPS of $4.65, beating estimates.
• Despite the positive earnings, Adobe's stock experienced a bearish movement due to disappointing Q4 guidance, causing investors to react negatively.
• The acquisition of WalkMe by SAP for $1.5 billion might have added some pressure on Adobe as it strengthens AI assistance, potentially increasing competition in the market.
• Concerns in the market may be rising about Adobe's future growth prospects and how it will navigate the evolving landscape with competitors like WIX expanding their AI product line-up.

ADBE Price Chart

ADBE News

Adobe Reports Q3 Earnings: What Key Metrics Have to Say - Adobe ( NASDAQ:ADBE )

Adobe Systems ADBE reported $5.41 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 10.6%. EPS of $4.65 for the same period compares to $4.09 a year ago. The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $5.37 ...

https://www.benzinga.com/news/earnings/24/09/40844967/adobe-reports-q3-earnings-what-key-metrics-have-to-say

Adobe Q3 Earnings Beat Estimates: Can GenAI Efforts Lift Shares?

ADBE's fiscal third-quarter results benefit from strength in Creative Cloud, Document Cloud and Enterprise Cloud.

https://www.zacks.com/stock/news/2336087/adobe-q3-earnings-beat-estimates-can-genai-efforts-lift-shares

SAP Concludes Buyout of Israel-Based WalkMe for $1.5 Billion

SAP completes the acquisition of WalkMe for approximately $1.5 billion, strengthening AI assistance and productivity for SAP customers ...

https://www.zacks.com/stock/news/2336018/sap-concludes-buyout-of-israel-based-walkme-for-15-billion

Adobe Stock Tanks On Disappointing Q4 Guidance: Why These Analysts Says Reaction Was 'Overblown' - Adobe ( NASDAQ:ADBE )

Shares of Adobe Inc ADBE tanked in early trading on Friday, even after the company reported upbeat fiscal third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40855518/adobe-stock-tanks-on-disappointing-q4-guidance-why-these-analysts-says-reaction-was

Will WIX's Efforts to Expand AI Product Line-Up Boost its Stock?

WIX's AI Theme Assistant streamlines the website design process with personalized guidance and real-time suggestions ...

https://www.zacks.com/stock/news/2335943/will-wixs-efforts-to-expand-ai-product-line-up-boost-its-stock

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Adobe Inc. Price History

13.08.2024 - ADBE Stock was down 8.5%

• Adobe stock faced a downturn due to disappointing Q4 guidance following its positive Q3 results.
• Some analysts suggest a balanced view on the stock amidst the market reaction.
• Jim Cramer expressed concerns over analysts' skepticism, emphasizing Adobe's underlying strengths that were overlooked.
• The disparity between robust Q3 earnings and lackluster Q4 guidance is seen as a probable cause for Adobe's stock decline today.

13.08.2024 - ADBE Stock was down 8.3%

• Strong Q3 earnings were reported by Adobe with a revenue increase of 10.6% and an EPS of $4.65, beating estimates.
• Despite the positive earnings, Adobe's stock experienced a bearish movement due to disappointing Q4 guidance, causing investors to react negatively.
• The acquisition of WalkMe by SAP for $1.5 billion might have added some pressure on Adobe as it strengthens AI assistance, potentially increasing competition in the market.
• Concerns in the market may be rising about Adobe's future growth prospects and how it will navigate the evolving landscape with competitors like WIX expanding their AI product line-up.

13.08.2024 - ADBE Stock was down 8.1%

• Despite strong Q3 earnings and beating revenue estimates, the stock experienced bearish movement.
• Criticism of analysts for their harsh stance on Adobe despite solid financial results may have caused uncertainty among investors.
• The anticipation of a Fed rate cut benefiting mega-cap tech stocks like Adobe could have led to profit-taking by investors after a period of growth.
• The market might be reacting to mixed forecasts and revisions by analysts ahead of Adobe's earnings call, leading to a temporary downturn in the stock price.

14.05.2024 - ADBE Stock was up 13.9%

• Adobe's Q2 earnings and revenues beat estimates, showing a rise year over year, indicating strong financial performance.
• Analysts are optimistic about Adobe's future performance, with positive commentary on key metrics and AI initiatives, driving investor confidence.
• Despite a decline in consumer sentiment impacting the overall market, Adobe's solid momentum across its various cloud services contributed to its positive stock movement.
• The contrasting performance of Adobe compared to stocks like GameStop and RH, which fell during the same period, highlights Adobe's resilience and attractiveness to investors.

14.05.2024 - ADBE Stock was up 14.5%

• Adobe Inc. (ADBE) experienced a significant bullish movement today following better-than-expected quarterly results and an increased full-year guidance.
• The company's strong performance was driven by a 10% year-over-year revenue growth in the fiscal second quarter, surpassing analyst estimates.
• The positive market sentiment towards Adobe can be attributed to its continued dominance in the creative software industry, particularly with the strengthening role of AI in its products.
• Investors reacted favorably to the news, leading to a notable 16% surge in Adobe shares and positioning the company as a standout performer in today's market.

14.05.2024 - ADBE Stock was up 15.9%

• Following a robust second-quarter earnings report and a positive sales outlook from the company, Adobe witnessed a significant rise in its stock value, leading to enhanced investor confidence.
• Analysts have revised their projections for Adobe, attributing the strong earnings and optimistic guidance as primary catalysts for the stock's uptick.
• The market responded favorably to Adobe's innovative offerings integrating AI technology, further bolstering investor optimism regarding the company's growth potential.
• In summary, Adobe's impressive financial performance and strategic advancements in product innovation have spurred the bullish movement in its stock price today.

14.05.2024 - ADBE Stock was up 14.3%

• Adobe Inc's upbeat quarterly results and positive AI commentary have fueled investor optimism, leading to a significant rally in the stock.
• The company's beat-and-raise fiscal second-quarter results, driven by AI innovations attracting new customers, have positioned Adobe as a strong player in the software market.
• Analysts' positive outlook on Adobe's key metrics and growth potential have further contributed to the bullish momentum in the stock.
• While the broader market experienced a dip, Adobe's performance showcases its resilience and ability to deliver strong financial results, propelling the stock higher amidst market uncertainties.

14.05.2024 - ADBE Stock was up 15.3%

• Adobe (ADBE) stock experienced a strong bullish movement today, rallying about 15%.
• The bullish movement was primarily fueled by Adobe's beat-and-raise fiscal second-quarter results, driven by the company's successful AI innovations attracting new customers.
• Analysts have boosted their forecasts on Adobe after the upbeat earnings report and strong revenue figures for the second quarter.
• Adobe's optimistic sales forecast for new AI-infused products has attracted investor cheer, leading to the stock's significant surge.

30.04.2024 - ADBE Stock was down 5.1%

• Adobe's stock experienced a strong bearish movement despite the overall bullish market sentiment.
• The news about underappreciated stocks with potential for high returns might have shifted investor focus away from established companies like Adobe, leading to a sell-off.
• Additionally, the attention on high-paid CEOs, including Adobe's CEO Shantanu Narayen, could have raised concerns about executive compensation impacting the company's financials, contributing to the bearish movement.
• The market may have also reacted to the innovative developments in the creative industry, such as the success of Shutterstock Studios, potentially diverting attention and investment away from Adobe temporarily.

15.02.2024 - ADBE Stock was down 13.8%

• Adobe stock plummeted around 14% after the company issued a weaker-than-expected sales outlook, despite surpassing top and bottom-line estimates.
• The weak revenue guidance for the current quarter, with estimates below market expectations, contributed to the sharp decline in Adobe's stock price.
• Intensified competition in the AI space also posed a threat to Adobe, leading to concerns among investors about the company's future growth prospects.
• The overall market sentiment, with major indices all trading lower, further exacerbated the downward pressure on Adobe's stock price.

30.04.2024 - ADBE Stock was down 5.3%

• Adobe (ADBE) experienced a bearish movement today.
• The bearish stance on Adobe could be attributed to the options trading trends showing a negative sentiment among investors with significant capital.
• The market might have reacted to the news about Palantir Technologies and its competitors in the software industry, potentially impacting investor sentiment towards Adobe.
• The focus on underappreciated stocks with potential high returns in the future might have diverted attention away from established companies like Adobe, leading to a decline in its stock price.

02.07.2024 - ADBE Stock was down 5.9%

• ADBE stock reached multi-year highs in early February but has seen a YTD decline of over 7.5%, underperforming the tech sector ETF.
• Concerns about Adobe's recent legal issues and high valuation levels have impacted investor sentiment.
• The cautionary suggestion to hold off on buying ADBE stock in the immediate term reflects uncertainties surrounding the company's performance.
• The broader market instability and warnings about overvalued AI stocks may have contributed to the bearish movement in ADBE today as investors reevaluate their positions in tech companies like Adobe.