Adobe Stock Slips 20% in a Week: Should You Brace for a Tough 2025?
Adobe(ADBE) ZACKS·2024-12-19 17:26
Adobe (ADBE) shares declined 19.8% following its fourth-quarter fiscal 2024 results on Nov 11. Although both earnings and revenues beat the Zacks Consensus Estimate and improved on a year-over-year basis, a disappointing fiscal 2025 guidance resulted in the slide.ADBE’s 2025 prospects are suffering from increasing competition in the Generative AI (GenAI) space from the likes of Microsoft (MSFT) -backed Open AI, as well as a lack of monetization of its AI solutions. For fiscal 2025, Adobe expects total reven ...