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Business
Thomas Hughes

Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?

Adobe Adobe Stock ADBE MarketBeat Nasdaq Palo Alto Networks

Adobe’s (NASDAQ: ADBE) market certainly has reasons to be cautious, but the selloff in its shares is overblown. Trading below 10X its current-year earnings while growing and outperforming, and at approximately 6X the 2030 forecast, this stock could easily rise by 100% over the coming quarters and extend the move to 200% and 300% over time.

The primary factor impacting Adobe's price action is fear—fear of an executive transition, fear of an AI apocalypse, and fear of the company's freemium strategy.

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