AI Boost: Will Adobe Return to $600?
Adobe jumps 15% after earnings as its quarterly revenue rose 10% to a new high, driven by AI features attracting new users.
The company raised its full-year guidance, described as having a "strong outlook." Next quarter's revenue and EPS are favorable. Analysts believe this should ease concerns about competition from other generative AI tools.
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What's your target price for Adobe?
Can Adobe return to $600?