Good Quarter for Adobe; Environment Weighing on Full-Year Outlook; FVE Down to $500
Still, we see shares as attractive for long-term investors.
Source: morningstar.com
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Still, we see shares as attractive for long-term investors.
Thanks to an expected modest impact on revenue from the war in Ukraine, we're trimming our fair value estimate from $630.
Thanks to an expected modest impact on revenue from the war in Ukraine, we're trimming our fair value estimate from $630.
Wide-moat Adobe reported strong fourth-quarter results, including upside to consensus for both revenue and non-GAAP EPS, and provided quarterly guidance that was ahead of Street expectations