Adobe: Strong Fundamentals Overshadowed By Growth Uncertainty, Hold Rating

Justin Sullivan Investment Thesis Adobe's (NASDAQ:ADBE) strong brand, comprehensive software suite, and recurring revenue model are attractive. However, high costs and competition raise concerns. Their recent focus on Customer Experience with AI tools like GenStudio shows promise but needs to translate to faster revenue growth. While the stock holds long-term potential, a wait-and-see approach is recommended until management clarifies their growth strategy and the impact of CX initiatives on financials. The ...