ADBE - Adobe's Artificial Intelligence (AI) Investments Are Paying Off but Is the Growth Stock a Buy Now?
2024-06-18 08:00:00 ET
Adobe (NASDAQ: ADBE) shares shot up 14.5% last Friday after the company reported strong second-quarter results and boosted its full-year 2024 guidance. Adobe had been one of the poorer-performing stocks in the S&P 500 index. And even after Friday's gain, it is still down 12% in 2024.
Here's why Adobe could be turning the corner and why the growth stock is worth buying now.
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Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?