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Why Did Adobe Stock Crash After Earnings?

TheMotleyFool 
0 0 15.03.24
Why Did Adobe Stock Crash After Earnings?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

In this video, I will go over 's (NASDAQ: ADBE) first-quarter earnings report and specific comments made during the earnings call, and I'll explain why the stock is down.

*Stock prices used were from the trading day of March 14, 2024. The video was published on March 14, 2024.

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Source Fool.com

Adobe Inc. Stock

€229.25
-3.090%
Adobe Inc. took a tumble today and lost -€7.300 (-3.090%).
The stock is one of the favorites of our community with 35 Buy predictions and 4 Sell predictions.
With a target price of 364 € there is a hugely positive potential of 58.78% for Adobe Inc. compared to the current price of 229.25 €.
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