Adobe: Quality At A Digestible Premium

David Tran Breaking Down Adobe's Q2 FY2024 Report Considering Adobe's (NASDAQ:ADBE) (NEOE:ADBE:CA) post-ER pop of ~14.5% to ~$525 per share, it is natural to assume that the software giant just delivered a blowout quarter. Now, while Adobe beat consensus street estimates and raised guidance for FY2024 [with Narayen & Co. highlighting their GenAI opportunity], Adobe's revenue beat was wafer-thin, and updated guidance came more or less in line with consensus estimates heading into the Q2 print.   Seeking  ...