A more attractive risk/reward opportunity may be emerging for long-term investors in the software stock.

Adobe has had a rough few years. From its February 2024 high to its June 2026 low, the stock fell more than 70%. Year to date, ADBE is down 26%, making it the 30th worst-performing member of the S&P 500. In other words, more than 470 stocks in the index have outperformed ADBE this year.
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