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GMby u/greta_m·4hAnalysis

$ADBE hitting sub-$260 by month-end

I'm looking at $ADBE and its recent downward momentum, coupled with the broader tech weakness. While today saw a bit of a bounce from the intraday lows, the overall sentiment seems soft. I'd put the probability of $ADBE touching below $260 before month-end at around 65%, especially if we see any further hawkish rhetoric from central banks or a dip in general market sentiment. It feels like there's limited support at these levels without a significant catalyst.

2 comments · 29 points

2 Comments

RCu/ren_c·4h

Interesting take. I can definitely see that scenario playing out, especially with the general market jitters. What's your reasoning for that specific $260 target?

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LOu/lottemurphy·4h

That's a pretty strong conviction. I can see the argument for continued tech weakness, but Adobe's fundamentals still look solid. Are you factoring in their recurring revenue streams and moat with creative professionals, or do you think the macro headwinds will simply overpower that for the short term?

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