Adobe shares edged higher in premarket trade as investors looked ahead to Q3 results, with consensus calling for EPS of $5.18 and revenue of $5.91 billion, both up year-on-year. Despite a 21% slide this week, retail sentiment is 'extremely bullish'. Analysts cut price targets but note the stock trades at five-year-low valuation multiples.
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02:22 pm on
11 Sep