Should You Buy the Adobe Stock Dip to Kick Off 2022?
Up until just a few weeks ago, Adobe (NASDAQ: ADBE) was handily beating 2021 year-to-date returns of the S&P 500. Then an analyst downgrade, followed by a "disappointing" company outlook for 2022 changed that. Shares of the creative software leader are now sporting just a 13% gain in 2021 with a few weeks to go until the new year.
Adobe has been a fantastic long-term buy-and-hold stock, compounding double-digit revenue and earnings growth for years, but it's now cheaper than it has ever been in the pandemic era. Here's why the stock could be a timely buy for investors who favor a good value.
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Source Fool.com
