My Top Growth Stock to Buy in April (and It's Not Even Close)
The stock price of Adobe (NASDAQ: ADBE) fell 8% last week and is now down 37% from its all-time high as Adobe's first-quarter fiscal 2022 earnings release and full-year guidance disappointed Wall Street.
The company grew diluted earnings per share by 5% compared to the year-ago period and revenue by 9%, which is considerably slower than the growth rate Adobe investors are used to. For example, it grew revenue by 23% between fiscal 2021 and fiscal 2022.
What's more, the company is guiding for just 13% revenue growth in the second quarter of fiscal 2022 compared to a year ago. All eyes are on Adobe's top line, but investors should focus more on the strength of the core business and profitability. Here's why Adobe is my top growth stock to buy in April and beyond.
Source Fool.com
