Reported 26 days ago
Despite a disappointing fourth quarter forecast, Adobe's fundamentals remain strong, according to Wolfe Research's Alex Zukin. He argues that the market's reaction is an overreaction, and anticipates growth and improved margins as the company monetizes its AI investments, especially in its digital media segment. Zukin highlights Adobe's leadership in generative AI, positioning it just behind Microsoft in delivering return on investment to businesses adopting these technologies.
Source: YAHOO