I just got done reading the conference call and everything looked good
- ARR was solid
- User growth was amazing
- They have a solid plan with their freemium tier
- They have authorized buybacks worth 25 % of the company
It’s really tough to sell, but I just don’t see anything moving this stock up in the next 3-6 months…
If software recovers I would rather own
$NOW and
$ZETA they move up much more
For example two weeks ago,
$NOW went up 25 % in a week or two!
$ADBE doesn’t move like that
So if I want to bet on a SAAS recovery why would I buy
$ADBE?
It makes no sense, I think the earnings were great, but the stock is TERRIBLE
I honestly don’t know what
$ADBE needs to do to get a pump…
They just:
- Beat EPS
- Beat revenue
- raised full year guidance
- bought back 2% of the shares outstanding
- AI revunue up 300% Y/Y
I’m starting to think this stock will never recover…
Should I sell them?