Adobe Stock Reaches Turning Point as Market Outlook is Reset

Key PointsAdobe had a solid quarter and outperformed on the top and bottom lines, but guidance was weak. Weak guidance means growth near 10% and broader margins in Q2. An acceleration is expected in the back half. Analysts are overwhelmingly bullish on this stock but are trimming their price targets, lowering the range's top end. 5 stocks we like better than AdobeAdobe’s NASDAQ: ADBE solid performance and outlook for growth will continue to support the price action over time, suggesting a buying opportunity ...