Can Adobe’s ‘incredibly frustrating stock’ flip round after earnings? Wall Road is uncertain.

In a tough year for software stocks, Adobe’s been no exception. And even though the company could demonstrate progress in monetizing artificial intelligence when it reports earnings on Wednesday, analysts aren’t sure that will be enough to flip bleak investor sentiment.

Simply put, Adobe

ADBE “has been an incredibly frustrating stock for most of the last 12 months,” Mizuho analyst Gregg Moskowitz wrote, and he doesn’t see a near-term catalyst. Shares have shed 37% over the past 12 months.