Where Will Adobe Stock Be in 1 Year?
(NASDAQ: ADBE) posted its latest earnings report on Dec. 13. For the fourth quarter of fiscal 2023 (which ended on Dec. 1), the cloud software giant's revenue rose 12% year over year (13% in constant currency terms) to $5.05 billion and surpassed analysts' estimates by $30 million. Its adjusted EPS grew 19% to $4.27 and beat expectations by $0.13 per share.
Those headline numbers seemed healthy, but Adobe's stock dropped in response to its lackluster guidance and regulatory challenges. Let's see whether that decline was justified -- and if Adobe's stock might still head higher over the next 12 months.
Image source: Getty Images.
Source Fool.com
Adobe Inc. Aktie
502,10 €
-0,61 %
Adobe Inc. sticht hervor mit 60 Buy- und nur 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 588 € für Adobe Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 502.1 € hin.
