Adobe’s Bargain Share Price Isn’t Enough for the Bulls
- Analysts have downgraded the stock on its growth potential
- The company’s $20 billion deal for Figma is seen as expensive
This article is for subscribers only.
Adobe Inc. seems like just the kind of technology stock that would provide shelter in a market storm -- a huge, profitable, decades-old company with strong brands and double-digit revenue growth, selling at the cheapest valuation in almost a decade.
Turns out the price is still high even for some one-time Adobe bulls, while news it’s about shell out $20 billion to buy software company Figma Inc. is not helping either, with analysts opining that the deal seems “extremely expensive.”