Adobe's Growth Plans Just Took a Big Hit
's (NASDAQ: ADBE) $20 billion acquisition of Figma is off, and it's a big blow to the creative technology company.
In this video, Travis Hoium goes over the breakup and covers why it's such a big deal for Adobe. Not only is it a strategic challenge, it should make investors think twice about the company's valuation.
*Stock prices used were end-of-day prices of Dec. 19, 2023. The video was published on Dec. 19, 2023.
Source Fool.com
Adobe Inc. Stock
€454.15
-0.680%
The stock is one of the favorites of our community with 45 Buy predictions and 2 Sell predictions.
With a target price of 590 € there is a positive potential of 29.91% for Adobe Inc. compared to the current price of 454.15 €.
