Reported 2 days ago
Adobe's shares fell nearly 12% after an underwhelming revenue forecast raised worries about the delayed returns from its AI investments. Despite maintaining progress in its GenAI product roadmap, the company expects fiscal 2025 revenue to be below analyst estimates, prompting several brokerages to lower their price targets. Analysts note a disconnect between management's optimism and investors' skepticism, with Adobe struggling to outperform the market amid increasing competition in AI-driven technologies.
Source: YAHOO