Adobe ($ADBE) is down more than 60% from all time highs. With rising revenues and a falling evaluation, is Adobe about to have an insane up or is something deeper going on?
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The bears took over because if Gemini Nanobana can generate a high-quality image in seconds, and Sora can produce videos on demand, what exactly is Photoshop for?
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Additionally, ADBE hasn't always been the cleanest and most honest when it came to pricing. They have a history of locking users into annual contracts with painful cancellation fees, and bundling tools that many subscribers never use into expensive all-in-one packages. Due to the fall in entry costs into software development, when cheaper alternatives appear, will Adobe survive?
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Adobe is brought down by both real concerns and irrational fears, but it is without a doubt a stock currently undervalued.
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Source:
https://traderange.net/analysis/adobe-value-3iy3j2hi/
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Alternative sources:
https://finance.yahoo.com/markets/stocks/articles/buy-sell-hold-adobe-stock-144500092.html
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https://www.tradingview.com/news/zacks:0357e4e2f094b:0-should-you-buy-sell-or-hold-adobe-stock-post-q2-earnings/
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https://www.morningstar.com/stocks/after-earnings-is-adobe-stock-buy-sell-or-fairly-valued-6
