Is Adobe's Stock Heading for $300?
The tech stock has been quietly rallying for the past few months.
Overview
It's been a tough year for software stocks in 2026. Much of the focus has been on high-flying tech stocks such as Apple and Nvidia, which have hit record levels. The threat of artificial intelligence (AI), however, has been weighing significantly on many other types of businesses.
Adobe (NASDAQ:ADBE) is perhaps the classic example. AI chatbots can create professional-looking images with ease. In the past, consumers might have needed to use Adobe Photoshop to make such advanced visuals. As a result of the AI threat, investors have been dumping Adobe's stock in droves.
Details
Year-to-date, it's down 24%. But it's been rallying in recent months, as the business has continued to perform well, perhaps putting at least some of those fears to rest. Can its rally continue, and can it finish the year above $300?
Source
Originally published at www.fool.com.