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DCby u/dcastro·1dDiscussion

Thoughts on $ADBE dip post-earnings

Seeing $ADBE at 264.02, down 2.39% today after their guidance. The revenue beat was decent, but that forward outlook for Q2 is a bit soft, especially on the Creative Cloud. Seems like the market is pricing in a tougher macro for enterprise software and creative spending, which isn't entirely surprising given rates. I'm watching to see if this dip creates a buying opportunity for the long term, but I'm in no rush to jump in; it could see 261.67 or lower if the sentiment persists.

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