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Should You Buy Adobe After Its 40% Drop?

TheMotleyFool 
0 0 24.06.26
Should You Buy Adobe After Its 40% Drop?: https://g.foolcdn.com/editorial/images/875610/work-from-home-remote-creative-design-1200x800-5b2df79.jpg
 

(NASDAQ: ADBE) shares have plunged by more than 40% year to date. The stock trades below $200, a far cry from when the stock nearly touched $700 per share.

Artificial intelligence is on most investors' minds, especially with how easy it is to create images with AI tools. However, this fear has resulted in an unreasonably low valuation for a company that is still growing.

Image source: Getty Images.

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Source Fool.com

Adobe Inc. Stock

€234.65
4.300%
Adobe Inc. dominated the market today, gaining €9.65 (4.300%).
With 35 Buy predictions and 3 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 364 € shows a very positive potential of 55.12% compared to the current price of 234.65 € for Adobe Inc..
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