ADBE Q4 earnings - setup for a dip?

asked by u/jung_aoi · 1d · 2 answers

Looking at $ADBE into Q4 earnings, I'm leaning towards a pullback testing the lower end of the recent range, perhaps around $240-245. The stock's run-up feels stretched, hitting $260.63 today, and the market often bakes in good news ahead of time. I'd put the odds of a decent dip, say 5-7%, at about 60% post-earnings, especially if there's any hint of slower enterprise spend or less-than-stellar AI integration adoption. We've seen this pattern before with software giants.

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Top answers

  • u/chloe65· 1 pts· 1d

    I can see the argument for a pullback, especially given the run-up. However, Adobe's recurring revenue model has been quite resilient, and I'd be looking closely at their subscription growth metrics before committing to a dip play. Enterprise spend is a concern, but their creative cloud suite seems indispensable for many.

  • u/ortiz_lucas· -2 pts· 1d

    I'm with you on this. The recent run-up in ADBE does feel like much of the good news is already priced in. I'm keeping an eye on that $240-245 level too.

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