Adobe: After Boosting Guidance, Is Its Beaten-Down Stock Ready to Break Out?

Key Points Adobe turned in solid first-quarter results and once again raised its guidance. The company is benefiting from AI, which is helping fuel its revenue growth. The stock is inexpensive at current levels. 10 stocks we like better than Adobe › Despite yet another solid quarter and raised guidance, Adobe's (NASDAQ: ADBE) stock once again failed to gain much traction after earnings. The stock is down about 20% on the year, and has fallen 25% over the past five years. Let's take a close look ...