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Look for Adobe's shares to rise one step ahead of the recovery

 Oct 02, 2009 09:15 PM UTC
Return Risk
+1.61% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
OMTR n/a
ADBE Positive 10/02/09 +11.28% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Adobe Systems (ADBE), Stocks to Buy

Adobe Systems is on-pace to post at least a 10-12% revenue decline in FY2009 (perhaps worse), but consistent with the dominant narrative in institutional investor circles, the Street is looking right past that to a likely, substantial increase in FY2010 revenue, not including the Omniture (NASDAQ: OMTR) acquisition, pending/subject to approvals.

And that's why I'm Reiterating my Buy rating for Adobe (NASDAQ: ADBE), first recommended on June 9, 2009 at a price of $29.77. If you bought ADBE then, you're up about 8%.

Continue reading Look for Adobe's shares to rise one step ahead of the recovery

Look for Adobe's shares to rise one step ahead of the recovery originally appeared on BloggingStocks on Fri, 02 Oct 2009 16:15:00 EST. Please see our terms for use of feeds.

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