However, the current scenario also offers an opportunity to pick stocks that could generate attractive returns despite short-term pressures.
To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance.
The analyst said the results reinforce his view of Adobe as a winner in an emerging generative artificial intelligence world.
"This strategy should enable creatives to better appreciate the productivity benefits of generative AI more quickly, and make Firefly-powered generative AI offerings a critical part of their workflows, creating competitive differentiation as well as increasing the overall value of Creative Cloud," said Zelnick.
Rangan holds the 509th position among more than 8,500 analysts on TipRanks.
Persons:
Shantanu Narayen, Mark Neuling, Wall, Brad Zelnick, Zelnick, TipRanks, Baird, Colin Sebastian, Sebastian, Bing, Goldman Sachs, Kash Rangan, Rangan
Organizations:
Adobe, CNBC, Adobe Software, Deutsche Bank, Microsoft Tech, Microsoft, Windows, Bing, TipRanks, FedEx