CRM - Adobe: The Inflection Has Likely Arrived
2024-06-16 08:30:00 ET
Summary
- Adobe Inc. stock experienced a surge last week as investors were too pessimistic.
- Adobe is a creative software behemoth that is well-primed to deepen its dominance further.
- Smaller AI startups face business model sustainability challenges, which could benefit Adobe.
- Disrupting Adobe's market leadership in creative software is easier said than done.
- I explain why ADBE's relatively attractive PEG ratio and robust price action suggest a further rally is likely.
Adobe Inc. ( ADBE ) investors received a much-needed respite last week as the creative software company reported its earnings. Adobe's second fiscal-quarter earnings release brushed aside the market's pessimism, as Adobe posted a beat-and-raise quarter. I provided a bullish ADBE update in March 2024 , highlighting why pessimism in ADBE could have peaked....
Adobe: The Inflection Has Likely Arrived