Adobe Stock Slides as Analysts Cut Their Ratings for the Figma Purchase
Adobe was trading at $295.20 as of 12:51 PM EDT. on Friday. Adobe (NASDAQ:ADBE) shares declined another 3% in Fridays pre-market trading. In response to the software companys mixed forecast and $20 billion Figma transaction, numerous analysts reduced their recommendations. On Thursday, Adobe (ADBE) also revealed the results of its third quarter and said that…
