Adobe (ADBE) took a hit of over 4% post-earnings, as the top- and bottom-line beats failed to impress. On the whole, Adobe clocked in a great quarter, but investors were expecting more. Going into the quarterly reveal, shares had enjoyed quite the run, and potentially unreasonable expectations. While Adobe stock is now off over 11.6% from its all-time high, it's still up over 24% year-to-date. I can't say I'm too enthused about the valuation, which remains too rich for my liking. As such, I am neutral on the name.
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Adobe (NASDAQ:ADBE)
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Adobe (NASDAQ:ADBE)
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