In Q2, Adobe's earnings surpassed expectations, reporting $4.65 per share on $5.41 billion revenue, a 10.6% YoY increase.

In Q2, Wealth Advisors of Tampa Bay raised its Adobe Inc. stake by 37.8%, joining other investors like Steph & Co. and International Assets Investment Management, which increased their holdings significantly. Adobe's earnings surpassed expectations, reporting $4.65 per share on $5.41 billion revenue, a 10.6% year-over-year increase. Institutional investors own 81.79% of Adobe, which has received positive ratings from multiple analysts, boosting its stock outlook.

September 20, 2024
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