Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the bell Thursday, with investors likely watching to see whether the company can build on its momentum with artificial intelligence (AI).
Digital media and marketing software firm Adobe is making significant progress in monetizing its AI offerings, an analyst says.
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Adobe shares are up 31% over the past three months, having rallied after a strong quarterly earnings report that highlighted strong demand for the software developer's AI products.
The GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount. HCA, ADBE, WRB and VERX are some stocks that hold promise.
Adobe (ADBE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Just over a dozen prominent businesses have announced or completed a stock split in 2024. A consumer staples goliath that hasn't split its shares since early 2000, and has a laundry list of competitive advantages in its sails, is a prime candidate to announce a stock split next month.
Mastercard is a reputable payments processor that is growing both its top and bottom lines and generates consistent free cash flow. Alphabet has a dominant market share in the internet search engine space and is riding on the artificial intelligence boom that promises to deliver long-term growth for the business.
Adobe Systems (ADBE) concluded the recent trading session at $559.44, signifying a +0.2% move from its prior day's close.
Adobe stock has been trading sideways this year, declining by about 4% year-to-date. This compares to the Nasdaq-100, which has gained about 18% over the same period.
Adobe (ADBE) holds long-term promises on the back of its generative AI strength amid a challenging macroeconomic environment.
Generative artificial intelligence (AI) is growing like gangbusters, and while chips were the initial beneficiary, software will dominate the next wave of AI adoption. Estimates suggest the generative AI software market could soar 18,647% by 2032, according to Bloomberg Intelligence.