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Prediction: Adobe Stock Trades Back Above $350 Before 2030
By newsfeedback@fool.com (Daniel Sparks)
Read original article on Motley FoolAdobe (NASDAQ:ADBE) has posted record revenue in each quarterly update this fiscal year. But the stock has fallen anyway.
Shares are at roughly $241 as of this writing, off around 34% from a 52-week high of $363.70.
I think the market has it wrong. My prediction is that the stock trades back above $350 before 2030. That would be a rise of around 45% with a bit over three years to do it -- around 12% a year.
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