Where Will Adobe Stock Be in 1 Year?
(NASDAQ: ADBE) posted its latest earnings report on Dec. 13. For the fourth quarter of fiscal 2023 (which ended on Dec. 1), the cloud software giant's revenue rose 12% year over year (13% in constant currency terms) to $5.05 billion and surpassed analysts' estimates by $30 million. Its adjusted EPS grew 19% to $4.27 and beat expectations by $0.13 per share.
Those headline numbers seemed healthy, but Adobe's stock dropped in response to its lackluster guidance and regulatory challenges. Let's see whether that decline was justified -- and if Adobe's stock might still head higher over the next 12 months.
Image source: Getty Images.
Source Fool.com
Adobe Inc. Aktie
234,30 €
3,06 %
Die Adobe Inc. Aktie steht gut da: Deutlich mehr Buy- als Sell-Einschätzungen in der Community.
Eine deutliche Steigerung um mehr als 50% ist für Adobe Inc. mit einem Kursziel von 364 € gegenüber 234.3 € zu erwarten.
