Adobe: Q2 Was Good, But Needs Revenue Acceleration To Drive Further Upside

David Tran Introduction & Investment Thesis Adobe (NASDAQ:ADBE) drives creativity, productivity, and digital experiences through its Creative Cloud, Document Cloud, and Experience Cloud offerings. The company has underperformed the indices YTD, although jumping 14.5% after its latest Q2 FY24 earnings, where it grew its revenue and earnings by 11% and 11.9% YoY, respectively, beating estimates. While investor sentiment was subdued before the earnings call, its Q2 report showcased strength across its solu ...