ADBE Analysis: Don’t Buy Adobe Stock Until It Falls to THIS Price

InvestorPlace07-25

Adobe (ADBE) is stepping up its game with artificial intelligence features for the company’s software products. However, Adobe is facing a government lawsuit and may be overvalued. Investors should ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454828633?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-25 18:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2454828633","market":"us","top_or_hot":-1,"title":"ADBE Analysis: Don’t Buy Adobe Stock Until It Falls to THIS Price","media":"InvestorPlace","content":"<div>\n<p>Adobe (ADBE) is stepping up its game with artificial intelligence features for the company’s software products.\nHowever, Adobe is facing a government lawsuit and may be overvalued.\nInvestors should ...</p>\n\n<a href=\"https://investorplace.com/2024/07/adbe-analysis-dont-buy-adobe-stock-until-it-falls-to-this-price/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ADBE Analysis: Don’t Buy Adobe Stock Until It Falls to THIS Price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nADBE Analysis: Don’t Buy Adobe Stock Until It Falls to THIS Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/adbe-analysis-dont-buy-adobe-stock-until-it-falls-to-this-price/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Adobe (ADBE) is stepping up its game with artificial intelligence features for the company’s software products.\nHowever, Adobe is facing a government lawsuit and may be overvalued.\nInvestors should ...</p>\n\n<a href=\"https://investorplace.com/2024/07/adbe-analysis-dont-buy-adobe-stock-until-it-falls-to-this-price/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125154935.USD","symbol_name":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","start_time":0,"source_url":"https://investorplace.com/2024/07/adbe-analysis-dont-buy-adobe-stock-until-it-falls-to-this-price/","article_id":"2454828633","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454828633","pubTimestamp":1721902500,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Adobe stock will eventually reward patient investors as Adobe infuses its products with generative AI functionalities.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4588":"碎股","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4581":"高盛持仓","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","BK4528":"SaaS概念","ADBE":"Adobe","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4554":"元宇宙及AR概念","BK4023":"应用软件","BK4592":"伊斯兰概念","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0109392836.USD":"富兰克林科技股A","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","BK4567":"ESG概念","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","BK4534":"瑞士信贷持仓","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"ADBE分析：在Adobe股票跌至此价格之前不要购买","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADBE":1},"content_text":"Adobe (ADBE) is stepping up its game with artificial intelligence features for the company’s software products.\nHowever, Adobe is facing a government lawsuit and may be overvalued.\nInvestors should let Adobe stock decline before considering taking a share position.\n\n\n\n\n\n \n\nSource: Tattoboo / Shutterstock\n\n\n\nHere’s a technology stock that definitely needs to be on your watch list. Adobe (NASDAQ:ADBE) is known as a software company, though it’s also involved with cloud computing. While Adobe stock should reward patient shareholders over the long term, it’s prudent to wait until the stock is trading at a lower, better price.\nThe good news about Adobe is that the company is getting serious about generative artificial intelligence. The bad news is that Adobe appears to be very richly valued, and the company has to contend with a government lawsuit. So, investors should weigh the positives and negatives, and can allow the share price to decline before taking a long position.\nAdobe Jumps Headfirst Into Gen-AI\nAdobe reported record revenue of $5.31 billion in fiscal 2024’s second quarter. However, to stay competitive, Adobe must continuously improve its products. In 2024, this means adding AI functionalities.\nAdobe is enhancing multiple products with the company’s Firefly generative AI models. For example, content creators and developers can now enjoy a gen-AI-enhanced experience with Adobe Content Hub.\nFurthermore, for everyday users of the popular Adobe Acrobat product suite, Firefly-powered gen-AI features will make it easier to generate and edit images. In addition, Adobe offers a “conversational engine” called Acrobat AI Assistant with new features.\nThe improved iteration of Acrobat AI Assistant will enable “customers to ask questions, get insights and create content from information across groups of PDFs – and other document types.” Clearly, Adobe is stepping up its AI game and this should inspire confidence in Adobe’s long-term investors.\nLegal and Valuation Concerns for Adobe\nAs you can probably tell, I like Adobe as a tech-focused, growth-oriented business for the long term. However, there are a couple of major concerns about Adobe.\nFirst, Adobe has a legal albatross, so to speak. The Federal Trade Commission is suing Adobe, claiming that the company is making it difficult for customers to cancel their subscriptions.\nSamuel Levine, director of the FTC’s Bureau of Consumer Protection, alleged that Adobe “trapped customers into yearlong subscriptions through hidden early termination fees and numerous cancellation hurdles.” Adobe plans to challenge the FTC’s allegations in court, but it can be quite costly to contest a government lawsuit.\nThen, there’s the valuation issue. I mentioned Adobe’s record quarterly revenue, but there’s a potential problem. Adobe has a GAAP trailing 12-month price-to-sales ratio of 12.36x. For comparison, the sector median P/S ratio is 3.09x.\nThus, it appears that the market has already factored Adobe’s impressive sales into the share price. So, now let’s consider an approach that prudent investors can take. \nHere’s the Right Price to Buy Adobe Stock\nAdobe is a successful software business that’s taking gen-AI seriously. Sooner or later, you’ll probably want to put a few Adobe shares in your long-term portfolio.\nYet, there’s no need to rush into a hasty investment. It’s wise to wait for Adobe stock to fall to $450 before starting a share position. Then, the risk-reward balance will be more favorable and you can take a stake in Adobe with more confidence.\nOn the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.\nDavid Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/adbe-analysis-dont-buy-adobe-stock-until-it-falls-to-this-price/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454828633"}