Reported about 6 hours ago
Adobe recently announced record quarterly revenue driven by gains in artificial intelligence, reporting adjusted earnings per share of $5.31 and revenue of $5.99 billion for the fiscal third quarter. Despite exceeding its AI revenue goals and raising its full-year projections, Adobe's stock has declined over 20% in 2025 due to competitive pressures. While Wall Street remains optimistic with a target price above $461, caution lingers as shares previously reached over $600.
Source: YAHOO