Adobe Inc. shares rose Thursday as analysts praised a clean quarter and an outlook hike amid macro concerns, but noted that the boost will fade over the year as the software company prepares to fight for its $20 billion acquisition of privately held Figma.
Adobe ADBE shares rose nearly 6% Wednesday to an intraday high of $352.80, as the iShares Expanded Tech-Software Sector ETF IGV rose 2.5%, the S&P 500 index SPX gained 1.2%, and the tech-heavy Nasdaq Composite Index COMP rose 1.8% in recent activity.
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