Adobe (ADBE) is showing a modest recovery in pre-market trading, up 0.09% to $304.72, following a sharp, market-driven decline that saw the stock drop approximately 10% from its recent high.
- The recent weakness was driven by broader market turbulence, causing the stock to fall approximately 10% from its January 6 high of $335.99.
- Adobe maintains solid fundamentals, holding a Zacks Rank #3 (Hold) rating and trading at a C valuation grade.
- Expected fiscal 2026 earnings are projected between $23.30 and $23.50 per share, indicating +11.9% year-over-year growth.