Adobe closed November 28 at $320.13, up 0.82%, extending a recovery from earlier weakness in the week. The gain reflects broader market sentiment and supportive data: consumers spent $6.4 billion online on Thanksgiving (up 5.3% year-over-year), and Adobe forecasts a record $253.4 billion in holiday season spending, reinforcing the company's digital commerce exposure.[5][7] Analyst commentary from fund manager Paul Harris countered bearish "AI will kill Adobe" narratives, noting revenue growth from $3.4 billion in 2020 to $6.0 billion in 2025 demonstrates solid fundamentals despite recent stock weakness.[3] No major news emerged on November 28 specifically, but the stock's positioning reflects confidence in Adobe's subscription model and AI monetization strategy heading into the final trading day of the week.
Adobe Stable Ahead of November 29; Holiday Shopping Data Supports Growth Narrative
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