Adobe Has Reached Undervaluation And Its Recent Dip Is A Golden Opportunity

Sundry Photography Thesis In my previous article about Adobe, Inc. (NASDAQ:ADBE) I rated the stock as a hold citing that the stock had reached fair valuation when it was trading at $595.7 and the potential annual returns oscillated between 14-15% which was not a very favorable risk-reward situation. Since that article, the stock has fallen by 19.68% and the price now stands at $492.46, with the main cause being the slightly below-estimate forecast Adobe issued for Q2 2024. My previous article was released j ...