Adobe Down 6% in a Month: Should You Buy the Dip in ADBE Stock?

Adobe (ADBE) shares have declined 6.1% in a month, underperforming the broader Zacks Computer & Technology sector's return of 2.5% and the Zacks Computer Software industry's appreciation of 0.2%. ADBE suffers from a challenging macroeconomic environment, ongoing tensions between Russia and Ukraine that have negatively impacted the Digital Media segment and intensifying competition in the generative AI (Gen AI) space. However, Adobe is benefiting from a strong demand for its creative products. Its Creative C ...