Adobe: Very Compelling AI Monetization In Q2 (Rating Upgrade)
Adobe(ADBE) Seeking Alpha·2024-06-14 11:18
JHVEPhoto Adobe Inc. (NASDAQ:ADBE) reported Q2 earnings today, which were met with euphoria after hours by the market. The enterprise software sector has broadly taken a beating in recent weeks with popular names like Salesforce (CRM) and UiPath (PATH) getting hammered after weak earnings. This dragged Adobe down while the company was navigating a recent controversy over its terms and conditions, a pending FTC investigation into cancellation policies, and general fear about the extent of AI's impact on its ...