Adobe's(NASDAQ: ADBE) stock was crushed late last week after earnings -- and for good reason. The company isn't growing rapidly on the back of artificial intelligence, and it looks like shares have been bid up to an unsustainable level. In this video, Travis Hoium covers the multiples and what investors should watch for next.
*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 19, 2024.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
