Jefferies: Adobe Inc. (NASDAQ:ADBE) Is A Crowded Short Software Stock Among Institutional Investors

By Yahoo! Finance | Nov 3, 2024 at 08:12 AM EST

Adobe Inc. is increasing its annual net new ARR target to $1.95 billion and focusing on AI innovation in its Digital Media business. The stock saw fluctuations due to AI profitability concerns, impacting the SaaS industry valuation trends. Investors are cautious amid changing market sentiments.

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