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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Adobe's stock $ADBE is facing challenges as subscribers stay away, despite the company's shift to a subscription model. The company reported a strong Q1 but with a slightly light outlook. Adobe CEO Shantanu Narayen highlighted the success of their generative AI rollout. Market reactions have been negative, with the stock experiencing its worst day in 18 months and analysts adjusting price targets. Investors are cautious due to the stock market's high valuation.
$ADBE 2 bad reports in a row and trying to mask it w/ $25B buyback. Huge gap above now. 480 some support https://t.co/2tC09SwnK3
Analysts revamp Adobe stock price target after earnings https://t.co/ycdMV3xqOZ
$ADBE Wicked drop Friday. Now back to the same levels as August 2020. Sad. With that said, give it 2-3 more days to let dust settle before diving in for a quick bounce play. Yes there is a large gap around 440, which is another 10% downside “only”. Gotta be mindful of that.
