Adobe Shares Surge as Revenue Climbs. Is It Too Late to Buy the Stock?
Shares of (NASDAQ: ADBE) rebounded after the maker of creative software programs such as Photoshop reported solid revenue growth for its fiscal second quarter. Despite the solid post-earnings gains, the stock is still down about 12% year to date.
Let's take a closer look at the company's most recent quarterly results and guidance and whether it is too late to buy the stock.
Adobe solidly grew its fiscal Q2 revenue by 10% to $5.31 billion topping the analyst consensus of $5.29 billion. Adjusted earnings per share (EPS), meanwhile, rose 20% to $4.48, beating analyst estimates by $0.09.
Source Fool.com
Adobe Inc. Stock
€533.50
1.440%
With 76 Buy predictions and 2 Sell predictions Adobe Inc. is one of the favorites of our community.
As a result the target price of 579 € shows a slightly positive potential of 8.53% compared to the current price of 533.5 € for Adobe Inc..
