The 5 Reasons I Sold Adobe Stock
I bought a lot of shares of (NASDAQ: ADBE) throughout the first half of 2022. At the time, I admired the strength of its digital media products, the stickiness of its subscriptions, its stable growth rates, and its reasonable valuations.
However, I trimmed my position last August and sold the remaining shares for a slight profit following the release of its first-quarter earnings report on March 14. These are the five core issues that changed my opinion about the cloud services giant.
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Source Fool.com
Adobe Inc. Stock
€311.40
-0.050%
The stock is one of the favorites of our community with 64 Buy predictions and 4 Sell predictions.
With a target price of 484 € there is a hugely positive potential of 55.43% for Adobe Inc. compared to the current price of 311.4 €.
