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Adobe Signals Near Term Growth Rate Slowing Down, Longer Term Outlook Still Quite Bright

publication date: Dec 21, 2021
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Image Source: Adobe Inc – December 2021 Financial Analysts Meeting IR Presentation. 

On December 16, Adobe reported fourth quarter earnings for fiscal 2021 (period ended December 3, 2021) that modestly beat consensus top- and bottom-line estimates. However, shares of ADBE plummeted in the wake of its latest earnings report as management signaled that the firm’s near term growth rate would slow down in fiscal 2022 versus levels seen in fiscal 2021. Investors were apparently hoping for more, though in our view, Adobe’s longer term growth outlook is still quite bright. Our fair value estimate sits at $576 per share of Adobe.

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