AI Boost: Will Adobe Return to $600?

Adobe jumps 15% after earnings as its quarterly revenue rose 10% to a new high, driven by AI features attracting new users. The company raised its full-year guidance, described as having a "strong outlook." Next quarter's revenue and EPS are favorable. Analysts believe this should ease concerns about competition from other generative AI tools. ---------------- What's your target price for Adobe? Can Adobe return to $600?

avatarTiger V
09-13

Adobe’s Mixed Outlook: Is It Time to Avoid ADBE Stock?

Overview of Market Sentiment: Adobe (ADBE) $Adobe(ADBE)$ recently posted a record revenue for its latest fiscal quarter, but the stock has faced headwinds due to a lower-than-expected revenue forecast for the upcoming quarter. As broader markets remain cautious, with inflation and economic uncertainties weighing on investor sentiment, Adobe’s earnings report highlights both strengths and challenges, creating a nuanced outlook for potential investors. Adobe’s Record Revenue vs. Falling Forecasts Adobe's latest quarter saw revenue rise to $5.41 billion, up 11% year-over-year, beating analyst expectations of $5.37 billion. The company’s digital-media segment, which houses its flagship Creative Cloud and Document Cloud,
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Adobe’s Mixed Outlook: Is It Time to Avoid ADBE Stock?
avatarKYHBKO
09-09

Earnings calendar of the week 09Sep24 - Is Adobe a buy?

Earnings Calendar (09Sep24) Q3/2024 starts and a few earnings are coming in the coming week. There are some earnings of interest in the coming week namely, Oracle, Gamestrop and Adobe. Let us look at Adobe in detail. Observations: Revenue grew from $4.147B (2014) to $19.409B (2023), almost 5x. The average gross profit is 86.4% (10-Yr Median margin) Operating profit grew from $433M (2014) to $6,650M (2023) EPS grew from $0.53 (2014) to $11.82 (2023). Investing dot com has a recommended “BUY” rating from their technical analysis and analysts’ sentiment. The price has remained the same from a year ago. The P/E ratio is 50.34 and seems to be a tad expensive. For the coming earnings, the forecast EPS and Revenue are 4.53 and $5.37B respectively. Personally, Adobe is a good company but I prefer
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Earnings calendar of the week 09Sep24 - Is Adobe a buy?
avatarMaverickWealthBuilder
06-17

How Adobe Benefit From AI?

$Adobe(ADBE)$ in the Outperformed in the second quarter of fiscal 2024, delivering record revenues of $531 million, up 11% year-over-year, GAAP EPS of $3.49, up 24% year-over-year, and non-GAAP EPS of $4.48, up 15% year-over-year, both of which exceeded expectations.Business sector performanceDigital media division is Adobe's main source of revenue, revenue of 3.91 billion U.S. dollars in the quarter, an increase of 11% year-on-year. Among them, Creative Cloud revenue of 3.13 billion U.S. dollars, Document Cloud revenue growth of 19% year-on-year, growth rate than the Creative Cloud. digital experience division revenue of 1.33 billion U.S. dollars, an increase of 9% year-on-year.Financial guidelinesAdobe raised its financial guidance for fiscal ye
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How Adobe Benefit From AI?
avatarBarcode
06-17
$Adobe(ADBE)$ $Microsoft(MSFT)$ $Alphabet(GOOGL)$ $SAP SE(SAP)$ $IBM(IBM)$  Adobe's AI Ascent: Path to $600 or Beyond? Adobe just pulled off a 15% jump after earnings, with quarterly revenue rising 10% to a new high! 🚀 Looks like those AI features are attracting users like bees to honey. And guess what? They’ve raised their full-year guidance and described their outlook as "strong." Next quarter's revenue and EPS are looking favourable, too. Analysts are saying this should ease any worries about competition from other generative AI tools. Target Price and Outlook So, what's
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avatarvallie
06-14
$Adobe(ADBE)$ The introduction of its AI model, Firefly, integrated into its products such as photoshop and illustrator as well as working on developing simialr technology in video editing software, Premiere is promising. More possibilites are open with AI interacting with digital art as a medium. As companies move to incorporate AI to their platforms, just as Apple with AI, hoping to see Adobe thrive.
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avatarSamlunch
06-16
$Adobe(ADBE)$  Microsoft will be the winner in the software AI race.  Adobe will try their hardest to innovate and improve, they will roll out new features and try new things. But they will not be able to surpass$Microsoft(MSFT)$   There will be times Adobe stock price is undervalued and it will be ok to trade it
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avatarRobinChanKH
06-21
$Adobe(ADBE)$ $700. It will return and bullish. Buy and hold it.
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avatarIykyk
06-15
$Adobe(ADBE)$ Bearish. With so many free Ai tools. How adobe monetize?
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avatarskythelimit
06-13
$Adobe(ADBE)$ seems like a real dice roll. It feels like there’s a lot riding on this for adobe. They really owe it to the shareholdings to make this a good call. So it could be some other news like a buyback… etc. but any sort of miss and I think it goes down. But if meets/ and guides up you’ll see a health swing to 500.[Happy][Happy][Happy]
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avatarIykyk
06-18
$Adobe(ADBE)$ No. Open Ai is very big threat
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avatarSandyboy
06-14
$ADBE 20240614 420.0 PUT$ Took this before the results. After market close the stock jumped 14% which has not yet reflected on the option😂. Hope to see some green 😂
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avatarBillionaireN
06-14
$Adobe(ADBE)$ did you sell your puts before the earnings?
24H｜Adobe Jumped 14% in Overnight Trading After Raising Its Revenue Forecast; Arm Gained 3% on Joining Nasdaq-100 Index
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