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Adobe's Fiscal Fourth Quarter Outlook Comes Up Short of Expectations

publication date: Sep 13, 2024
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Image: Adobe’s shares traded down on a weaker than expected fiscal fourth quarter outlook. 

Though Adobe’s outlook for the fiscal fourth quarter came up short, we continue to like its net-cash-rich balance sheet and strong free cash flow generation. We’re already quite tech heavy in the simulated newsletter portfolios, so we won’t be considering Adobe for inclusion, but the company is worth watching closely, especially as shares dip following its fiscal third quarter report. The high end of our fair value estimate range stands north of $660 per share.


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