Shares of Adobe Inc. ADBE rallied 1.11% to $417.28 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.83% to 5,949.91 and the Dow Jones Industrial Average DJIA rising 1.

Adobe, Inc. ($ADBE) stock is poised to rise for a second straight session as it recovers from the 7% drop since the start of the new year. The most recent catalyst driving the upside could be a positive action from analysts at Exane BNP Paribas.

Shares in digital media technology company Adobe ( ADBE 1.03%) declined by 25.5% in 2024, according to data provided by S&P Global Market Intelligence. Frankly, this needs some explaining because it's not often that a company loses a quarter of its value after handily beating its initial full-year guidance.