$Adobe(ADBE)$The earnings are good and beat estimates. Guidance was honest and take into account the reduced revenues from Russia and Ukraine due to the war. The analysts clearly did not cater for war effects And instead screamed the guidance is poor.
A couple if weeks ago, JPM foolishly rated baba at $65 to short chinese stocks. That showed us analysts are foolish and doesnt know how to value a stock.
Hence, ignore the lousy analysts estimates and do your own dilligence. Clearly syndicates wanted to short tech stocks and will find all sorts of lousy nitty gritty reasons to do so.
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