Adobe Stock Still Looks Extremely Overvalued
Adobe's (NASDAQ: ADBE) stock was crushed late last week after earnings -- and for good reason. The company isn't growing rapidly on the back of artificial intelligence, and it looks like shares have been bid up to an unsustainable level. In this video, Travis Hoium covers the multiples and what investors should watch for next.
*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 19, 2024.
Source Fool.com
Adobe Inc. Stock
€456.70
-0.200%
With 45 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 590 € shows a positive potential of 29.19% compared to the current price of 456.7 € for Adobe Inc..
