Adobe: Strong Q4 Bookings Growth Signals Resilient Demand (Rating Upgrade)

Adobe (NASDAQ: ADBE )(NEOE: ADBE:CA ) was punished after reporting a mixed 4Q FY2024 earnings result, with the stock dropping nearly 13% the next trading day. While I understand the frustration around the weak revenue outlook, I think the market's reactionI'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting. I'm a senior analyst at a m ...