With earnings upcoming on June 16th, there is an opportunity. The market didn't take to the previous earnings on March 22nd. $466 to to $437 on the news but by March 29th, we were back at $466.
EPS Normalized Estimate – $3.31
EPS GAAP Estimate – $2.48
Revenue Estimate – $4.35B
The EPS looks manageable with $3.37 last quarter and the Creative Cloud Express news and the renewed optimism on future acquisitions. Canva and Lightricks haven't dominated this quarter from a cursory check.
Adobe is not a forward p/e *40 stock, but there is some short term upside at $30.
The $20bn annual target is more than a YoY revenue growth target. The round number itself is going to make headlines if they hit.
What do you think of Adobe? I have 7 shares and will buy another 7.
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