Will Adobe Be a Trillion-Dollar Stock by 2030?

Adobe's (ADBE -13.67%) stock price sank 11% during after-hours trading on March 14 in response to the cloud-based software provider's latest earnings report. For the first quarter of fiscal 2024, which ended on March 1, its revenue rose 11% year over year to $5.18 billion and exceeded analysts' expectations by $30 million. Its adjusted EPS grew 18% year over year to $4.48 and also cleared the consensus forecast by a dime.Adobe's headline numbers looked healthy, but its guidance was uninspiring. It expects i ...