Financial Movers

Adobe (ADBE) Stock Analysis: Buy ADBE At All Time Highs?


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Adobe (#ADBE) is trading at an all time of $576 and rightfully so. The computer software company reported record earnings last week that topped analyst expectations and give context as to why shares are at highs. 

FQ2 EPS was reported of $3.03 (beat by $0.21) and revenue of $3.84B (+22.7% Y/Y).

But think about what Adobe sells. Photoshop, Lightroom, PDF, e-signature applications. Those are products that are thriving in a digital age. So it's not surprising that revenues were record breaking, especially when taking into account how much digital progressed in 2020. But, is Adobe stock worth buying at all time highs?

 

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Financial MoversBy Financial Movers