Will Adobe Stock See Higher Levels?
1. Adobe's Q2 earnings exceeded estimates with $5.06 per share. 2. Revenue rose 11% YoY to $5.9 billion; guidance was increased. 3. Stock fell 1% in after-hours despite strong results. 4. ADBE has lagged behind the S&P in several recent years. 5. Estimates suggest a potential upside of 30% from current price.