2024-03-15 05:07:01 ET
Summary
- Adobe's growth rates are tepid, making it difficult to support its valuation of approximately 27x forward EPS.
- The company's near-term prospects are promising, but it faces competition in the digital software market and pricing challenges.
- ADBE's revenue growth rates are expected to decelerate in the coming quarters, raising concerns about its future trajectory.
Investment Thesis
Adobe ( ADBE ) falls on the back of its fiscal Q2 2024 guidance. Investors' natural reaction is to say buy the dip, as management is being conservative with its guidance....
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Adobe Earnings: Do Not Buy The Dip