Reported 3 days ago
Adobe Inc. faces tough challenges as its stock struggles amid growing competition, particularly in artificial intelligence (AI). Despite launching new AI tools like Firefly and a smartphone app to boost its position in the creative tech space, the stock has fallen 35% over the past year. However, analysts remain cautiously optimistic, with a notable price target of $660 from DBS, suggesting potential for recovery if Adobe's AI ventures translate into profitability.
Source: YAHOO