Adobe: Q2 Showed The Monetization Power Of Company’s AI Tools


  • ADBE’s second-quarter performance exceeded expectations with impressive revenue and EPS growth, leading to raised guidance for FY24.
  • The company’s AI tools, including Firefly and Adobe Express, are driving growth in Document Cloud and setting the foundation for AI-driven marketing.
  • Despite regulatory challenges and competition, ADBE’s strong performance and demand for AI tools support a bullish outlook, with a price target upgrade.

Show me the money

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Investment Thesis

The last time I wrote about Adobe Inc. (NASDAQ:ADBE), I talked about the company’s first quarter results and argued that the company’s AI roadmap was on track, and as such, investors

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