
For software behemoth Adobe (NASDAQ: ADBE), 2025 has been anything but a good year. Year-to-date, shares are down 21%, trading near $350—a massive 45% decline from their all-time high of $635, reached in February 2024.
Despite this steep downward trajectory, shares got a bit of relief after the tech company posted its latest financial results on Dec. 10. The stock closed up by around 2% the next day in reaction to the company’s solid but not game-changing release. The results provide a clearer view of where the stock may be headed next.