Adobe (ADBE) shares have lost 6.4% in the year-to-date period, underperforming the Zacks Computer-Software industry’s growth of 10%, the broader Zacks Computer & Technology sector's return of 22.4% and the S&P 500 index’s rise of 18.2%. The drop comes amid broader market uncertainties.ADBE has been suffering from a challenging macroeconomic environment, with high oil prices and elevated interest rates. Fears of a looming U.S. recession are certainly weighing on tech stocks, including ADBE. The ongoing Russi ...

One of the pioneers in the space is poised to profit as the adoption of AI software accelerates.Most experts agree there's been a paradigm shift in technology thanks to the latest developments in artificial intelligence (AI). Recent advances in generative AI have paved the way for a multitude of new use cases, as these systems can generate original content, handle menial tasks, streamline time-consuming procedures, and automate processes -- all with a few simple keystrokes. This promises a giant leap forwar ...

The technology sector is a dynamic area of the stock market. It features companies involved in the development, production, and distribution of technology and related services. These companies range from giants like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) to startups focusing on next-generation technologies. Investing in tech stocks often appeals to those seeking growth. As the sector frequently outpaces the overall market in terms of revenue and earnings growth due to continuous innovation.Howeve ...

Santiaga Some market strategists assert that the time has come for AI hype to turn into real profits from beyond just the picks and shovels companies. While semiconductor makers have undoubtedly thrived, the next stage of the cycle should come from other infrastructure plays and AI beneficiaries downstream. And it’s not just sellside research pundits voicing that opinion. We can see it in price action, too. Shares of the S&P 500 Equal Weight Index have outperformed the traditional cap-weighted index si ...

Dominant Market Positions - Adobe is the dominant software player in several niches, particularly in creative software for professionals like graphic designers, photographers, and video editors [2] - Its flagship product, Photoshop, is widely used for photo editing, and it offers over 20 different creative software platforms, including Illustrator and Lightroom [2] - The company has an estimated 80% market share in the computer graphics and photo editing field [2] - Adobe also leads in PDF solutions through Adobe Document Cloud, with Acrobat as its main product [3] - The company has a strong presence in web analytics and online marketing through Adobe Experience Cloud, which evolved from the acquisition of Omniture in 2009 [3] Emerging AI Opportunities - Adobe has been at the forefront of embracing generative AI, releasing its Firefly AI model in early 2023, which supports features like generative fill, text-to-image, and generative shape fill [4] - AI is expected to benefit software companies by enhancing product offerings and customer experiences, and Adobe is well-positioned to capitalize on this trend [4] - Adobe Document Cloud saw a 19% revenue increase last quarter, driven by the introduction of the Acrobat AI Assistant, which summarizes documents, provides insights, and helps prepare presentations [5] - The company is still in the early stages of monetizing its AI capabilities, offering generative credits to users and allowing them to purchase more when needed [5] Growth Potential with Adobe Express - Adobe Express is a new mobile app designed for casual users, combining Adobe's creative software and generative AI to create visually appealing social media content [6] - The app simplifies tasks like removing photo backgrounds, resizing images and videos, and converting media formats, making it accessible to non-professionals [6] - Adobe Express offers a free version, an advanced version for $9 99/month, and a team version for $6 49/user, targeting the growing market of social media content creators [7] Valuation and Investment Appeal - Adobe stock trades at a forward P/E ratio of 27x based on next year's analyst estimates, with a PEG ratio under 0 8, indicating an attractive valuation for long-term investors [8] - The company's dominant market positions and solid growth opportunities, particularly in AI and Adobe Express, make it a compelling investment at current levels [8]

After the brief sell-off in the S&P 500 sparked by the so-called “carry trade” between the U.S. dollar and the Japanese yen, most investors thought that the bullish wave taking over the technology sector was over and done with. As it turns out, these were – and are – some of the stocks that recovered swiftly and now trade near their 52-week highs, but there’s much more than just price action backing the further upside that could be had in these names.Now that most of the earnings announcements for the previ ...

Adobe Systems (ADBE) closed the most recent trading day at $563.12, moving +1.75% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.39%.Prior to today's trading, shares of the software maker had gained 0.45% over the past month. This has outpaced the Computer and Technology sector's loss of 5.36% and the S&P 500's loss of 1.85% in that time.Analysts and investors alike will be keepin ...

One has a 5-for-1 stock split coming up.Do you want to get richer in 2024? Of course you do. I've got a few stocks here that you might consider for your portfolio -- but I can't promise that they will surge in 2024. That's because it's impossible to know how a given stock, not to mention the entire stock market, will perform over relatively short periods. Market corrections and crashes can happen any time.Still, the market has always recovered from those -- and gone on to set new highs. Healthy and growing ...

These AI leaders are all trading at a great value after a sell-off.Artificial intelligence stocks have been some of the biggest drivers of the bull market since the end of 2022. Unfortunately, they've also been some of the biggest loss-makers amid the recent market sell-off.Not every AI-fueled company will generate lasting wealth for investors. Some stocks may continue lower over the long run. But buying the best of the best companies with sustainable competitive advantages across multiple areas should prod ...

In the latest market close, Adobe Systems (ADBE) reached $535.22, with a +0.81% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. At the same time, the Dow added 1.04%, and the tech-heavy Nasdaq gained 2.43%.Heading into today, shares of the software maker had lost 6.15% over the past month, outpacing the Computer and Technology sector's loss of 9.75% and lagging the S&P 500's loss of 4.78% in that time.Investors will be eagerly watchin ...