Adobe falls after the software giant posts quarterly results. Here’s how to play the stock

by | Sep 15, 2023 | Financial

Market Movers rounded up the latest reactions on Adobe from investors and analysts. The pros discussed the software company after it reported fiscal third-quarter earnings and revenue that beat analysts’ expectations. Adobe also reported in-line forward guidance with expected fourth-quarter revenue of $4.975 billion to $5.025 billion . Bank of America and Goldman Sachs reiterated Adobe as buy . The stock closed down 4.2% Friday. Shares are up 57% for the year, getting a boost from the hype around artificial intelligence.

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